Underwood, IA is a small city located in the Midwest with a population of about 2,000 people. The cost of living here is relatively affordable when compared to other cities with rent for two bedroom apartments estimated at around $900. Additionally, the grocery cost index for Underwood is 99 compared to 100 in the US which is an indication that food prices are lower than average. It's a great place to call home and offers locals plenty of opportunities for entertainment and growth. Education facilities such as Underwood Jr./Sr. High School provide students with quality learning experiences while local businesses such as Roeder Implement offer job prospects for those looking to stay in town. Other amenities include a library, post office, fire station, gas stations, and many restaurants like Luigino's Pizza and Dixie Bar & Grill to enjoy delicious meals from. All in all Underwood, IA has much to offer its residents making it an ideal place to live and work.
Underwood has an unemployment rate of 4.3%. The US average is 6.0%.
Underwood has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 27.5%, which is lower than the US average of 33.5%.
Tax Rates for Underwood
- The Sales Tax Rate for Underwood is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Underwood 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 Underwood
- The average income of a Underwood resident is $32,437 a year. The US average is $37,638 a year.
- The Median household income of a Underwood resident is $85,156 a year. The US average is $69,021 a year.