Afton, IA Economy


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United States / Iowa / No Metro Area / Union County / Afton / Zip Codes
Afton, Iowa is a small city located in Union County. It has many local businesses and organizations that provide services to its residents and visitors. The average 2 bedroom rent in Afton is $780, which is significantly lower than the US average of $1430. Additionally, the Grocery Cost Index in Afton is 94, versus 100 in the US.
Some popular local companies include KK's Superstore, an affordable grocery store that serves the area's needs; Wayne Bank & Trust Company, a financial center; Jackelen Manufacturing, a factory for steel components; and Digital Elements Network Solutions, a computer services business.
There are also many nonprofit organizations located within Afton such as the Afton Historical Society and the Union County Conservation District. These organizations work together to promote conservation efforts and preserve the history of this small town.
Afton hosts several annual events such as the Union County Fair every summer, a 3-day celebration filled with rides, food vendors, music performances and more! There is also the Annual Quilt Show every October which showcases handmade quilts from local residents. Finally there is “A Night Out on Main Street” which takes place every December where people can enjoy live music, shop at stores downtown and watch fun performances from local artists.

Afton has an unemployment rate of 4.8%. The US average is 6.0%.

Afton has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 20.9%, which is lower than the US average of 33.5%.

Tax Rates for Afton
- The Sales Tax Rate for Afton is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Afton 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 Afton
- The average income of a Afton resident is $20,667 a year. The US average is $28,555 a year.
- The Median household income of a Afton resident is $53,618 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAfton, IowaUnited States
  4.86
  -5.9%-6.2%
  20.9%33.5%
  7.0%6.2%
  7.4%4.6%
  $25,367$37,638
  $53,618$69,021
  $71,161$85,028
  Population by Occupation
  10.7%1.2%
  0.0%0.5%
  9.6%6.8%
  14.8%10.0%
  0.9%2.5%
  4.8%11.0%
  5.0%4.8%
  0.7%0.8%
  1.6%1.9%
  6.6%4.7%
  0.5%1.9%
  0.9%7.6%
  0.0%0.1%
  0.5%4.2%
  10.3%9.3%
  13.2%14.0%
  0.0%2.1%
  4.8%7.0%
  11.6%4.8%
  3.4%4.7%
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