The city of Ames, IA is an attractive place to live, offering affordable housing and a favorable cost of living. The average 2-bedroom rent in Ames is $1,030 which is significantly lower than the national average of $1,430. Further more, grocery costs in Ames are 97 on the Cost Index versus 100 in the US making it a great option for budget conscious families.
Ames has grown into a thriving business hub; popular local companies include Barilla Pasta, Ball Corporation, Workiva, and Danfoss Power Solutions. The city also features a growing tech scene with NestEgg Technologies and IMS Gear having their headquarters here as well as several other software development firms operating nearby.
Ames has an unemployment rate of 2.7%. The US average is 6.0%.
Ames has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%.
Tax Rates for Ames
- The Sales Tax Rate for Ames is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Ames 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 Ames
- The average income of a Ames resident is $24,082 a year. The US average is $28,555 a year.
- The Median household income of a Ames resident is $54,339 a year. The US average is $69,021 a year.