Alta, IA is a small town located in western Iowa with a population of approximately 1,400 residents. It is an agricultural town and boasts of its farming heritage. The cost of living in Alta, IA is quite low compared to other parts of the nation. The average rent for a two-bedroom in Alta, IA is $820 while the US average rent for a two-bedroom is $1,430. Additionally, the grocery cost index in Alta is 95 versus 100 in the US. There are also several local businesses that contribute to the economy such as A & A farm supply, Hometown Nursery & Landscape Design, and Earl's Tire Service. All these factors make Alta an attractive place to live with a low cost of living and local employment opportunities.
Alta has an unemployment rate of 3.0%. The US average is 6.0%.
Alta has seen the job market decrease by -3.2% over the last year. Future job growth over the next ten years is predicted to be 28.3%, which is lower than the US average of 33.5%.
Tax Rates for Alta
- The Sales Tax Rate for Alta is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Alta 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 Alta
- The average income of a Alta resident is $27,474 a year. The US average is $37,638 a year.
- The Median household income of a Alta resident is $56,136 a year. The US average is $69,021 a year.