Mitchell, IA is an affordable city to live in with 2 bedroom rent costing $780 compared to the national average of $1,430. This makes Mitchell a great place for those on a budget. The grocery cost index in Mitchell is 95 versus 100 in the US, which means groceries are slightly lower than the national average. Mitchell has a vibrant business community with multiple local companies such as Rehnborg Agency Insurance, Mitchell Industries, and Klocko Industries. These businesses offer employment and other services to both locals and visitors alike.
Mitchell has an unemployment rate of 3.4%. The US average is 6.0%.
Mitchell has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 37.1%, which is higher than the US average of 33.5%.
Tax Rates for Mitchell
- The Sales Tax Rate for Mitchell is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Mitchell is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Mitchell
- The average income of a Mitchell resident is $28,397 a year. The US average is $37,638 a year.
- The Median household income of a Mitchell resident is $56,406 a year. The US average is $69,021 a year.