Colesburg, IA is a small town located in the northeast corner of Iowa. It has a population of just over 1,000 people, and is known for its low cost of living. Rent for a two bedroom home is an average of $770 per month, far lower than the national median of $1,430. Grocery costs are also significantly cheaper in Colesburg with an index score of 95 versus 100 in the US. \nThe town of Colesburg offers its residents many amenities such as small local businesses, parks and recreation areas, and excellent schools. Popular local companies include Solon State Bank & Trust Company, The Red Barn Mini Mart Restaurant, and Colesburg Senior Living Center. Visitors to the town can take advantage of the nearby hiking trails at Yellow Creek Park or visit the historic Yellow Creek Church, built in 1858. There are also numerous festivals and events held throughout the year that draw visitors from all around.
Colesburg has an unemployment rate of 3.7%. The US average is 6.0%.
Colesburg has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Colesburg
- The Sales Tax Rate for Colesburg is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Colesburg 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 Colesburg
- The average income of a Colesburg resident is $22,035 a year. The US average is $28,555 a year.
- The Median household income of a Colesburg resident is $51,635 a year. The US average is $69,021 a year.