Chariton, IA is a small town located in Lucas County, with an estimated population of 3944. The cost of living there is quite reasonable, with the average 2 bedroom rent coming in at $920 which is significantly lower than the US average of $1,430. Grocery costs are also low compared to national averages, with the grocery cost index being 94 versus 100 in the US.
The town's economy is primarily driven by its agricultural sector, and it is home to several large businesses like Chariton Veterinary Clinic, Peoples Service Company and Chariton Implement Company. There are also many smaller businesses that contribute to the local economy such as antique stores, boutiques and restaurants. Chariton is also home to organizations like the Lucas County Historical Society, which promotes historical education and preservation in the community.
Chariton has an unemployment rate of 3.2%. The US average is 6.0%.
Chariton 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 25.1%, which is lower than the US average of 33.5%.
Tax Rates for Chariton
- The Sales Tax Rate for Chariton is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Chariton 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 Chariton
- The average income of a Chariton resident is $18,231 a year. The US average is $28,555 a year.
- The Median household income of a Chariton resident is $45,179 a year. The US average is $69,021 a year.