Chester, IA is a small city located in Iowa. It has a population of less than 1,000 people and offers many amenities. The average 2-bedroom rent in Chester is much lower than the national average at $780 compared to $1,430 for the US. Additionally, groceries are much cheaper with a Grocery Cost Index of 91 compared to 100 nationally.
The local economy is boosted by many small businesses such as Twigg's Welding & Machine, J&M Repair Services LLC, T & K Walker Farms LLC, and Fishback Creek Feed Supply. These companies provide jobs and other services to residents of Chester and surrounding areas. The low cost of living makes Chester an attractive place to live and work for many people.
Chester has an unemployment rate of 4.8%. The US average is 6.0%.
Chester 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 16.2%, which is lower than the US average of 33.5%.
Tax Rates for Chester
- The Sales Tax Rate for Chester is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Chester 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 Chester
- The average income of a Chester resident is $19,780 a year. The US average is $28,555 a year.
- The Median household income of a Chester resident is $50,000 a year. The US average is $69,021 a year.