Beaman, IA is a small town with a population of just over 800 people located in the state of Iowa. The cost of living in Beaman is much lower than that of the US; for example, the average rent for a two-bedroom apartment is $880 compared to $1,430 in the US, and the Grocery Cost Index is 93 versus 100 in the US. Local business in Beaman include ITL Trucking, JB Beads & Bows, Smokin Barrel BBQ and Jack's Pizza & Pub. All these businesses offer quality services at competitive prices that are lower than those offered by not only national companies but also other local businesses outside Beaman. Overall, Beaman is an affordable place to live with plenty of options when it comes to local businesses.
Beaman has an unemployment rate of 4.3%. The US average is 6.0%.
Beaman has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 19.6%, which is lower than the US average of 33.5%.
Tax Rates for Beaman
- The Sales Tax Rate for Beaman is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Beaman 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 Beaman
- The average income of a Beaman resident is $22,983 a year. The US average is $28,555 a year.
- The Median household income of a Beaman resident is $70,938 a year. The US average is $69,021 a year.