Rock Valley, IA is a small town that offers a variety of benefits for its residents. The cost of living is lower than the US average, with 2 bedroom rent averaging at $810 compared to the US average of $1,430. Grocery costs are also lower in Rock Valley with an index score of 97 compared to 100 in the US. In addition to the low cost of living, Rock Valley has several local businesses that contribute to the local economy such as Rock Valley Public Library, G&G Supermarket, and Nelsons Automotive Repair. All in all, Rock Valley provides its residents with a pleasant and affordable lifestyle.
Rock Valley has an unemployment rate of 3.0%. The US average is 6.0%.
Rock Valley has seen the job market increase by 0.0% over the last year. Future job growth over the next ten years is predicted to be 24.1%, which is lower than the US average of 33.5%.
Tax Rates for Rock Valley
- The Sales Tax Rate for Rock Valley is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Rock Valley 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 Rock Valley
- The average income of a Rock Valley resident is $24,120 a year. The US average is $28,555 a year.
- The Median household income of a Rock Valley resident is $59,136 a year. The US average is $69,021 a year.