Andover, IA is a small city with a population of about 500 people. It has a low cost of living and offers an affordable option for those looking to rent or buy a home. Two bedroom rentals in Andover are typically priced at $850 compared to the national average of $1,430 making it much more affordable than other cities across the country. The grocery cost index in Andover is 93 compared to the US’s 100 which also helps keep overall costs down. Local companies include M&M Carpet Cleaners, Burkhart Tire Service, LLC, and Hansen Enterprise LLC. All provide goods and services to residents in the area. With its low cost of living and local businesses, Andover is an attractive choice for those looking for affordability close to home.
Andover has an unemployment rate of 5.5%. The US average is 6.0%.
Andover has seen the job market decrease by -7.7% over the last year. Future job growth over the next ten years is predicted to be 15.4%, which is lower than the US average of 33.5%.
Tax Rates for Andover
- The Sales Tax Rate for Andover is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Andover 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 Andover
- The average income of a Andover resident is $22,173 a year. The US average is $37,638 a year.
- The Median household income of a Andover resident is $0 a year. The US average is $69,021 a year.