Iona, ID is a small city with a population of just under 2,000 people. It is known for being family friendly and having plenty of amenities to make life comfortable for its residents. The cost of living in Iona, ID is quite low with the median two-bedroom rent costing only $1,430 and the Grocery Cost Index at 92 compared to 100 in the US. There are plenty of local businesses and companies that contribute to the economy. Notable examples include Lowman's Garden Center, Iona Auto Repair, Western Heritage Bank, R & D Mini Storage, Rocky Mountain Tire & Auto Care, and Grog Shop Liquors. These businesses allow locals to find everything they need right in their own hometown.
Iona has an unemployment rate of 3.3%. The US average is 6.0%.
Iona has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 43.6%, which is higher than the US average of 33.5%.
Tax Rates for Iona
- The Sales Tax Rate for Iona is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Iona is 7.4%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Iona
- The average income of a Iona resident is $18,289 a year. The US average is $28,555 a year.
- The Median household income of a Iona resident is $74,781 a year. The US average is $69,021 a year.