Colwell, IA is a great place to live due to its affordability. According to the provided information, the 2 bedroom rent rate in Colwell is around $810 which is significantly lower than the national average of $1,430. Additionally, grocery cost index in Colwell is 89 compared to 100 nationally. This allows people living in the area to enjoy cost savings and an overall higher quality of life.
The city also features several local companies providing goods and services to the nearby population. These include Webb's Grocery Store & Cafe for food items, Stutzman Farms for agricultural supplies, and Utterback's Heating & Cooling for home repair needs. Additionally, Colwell is home to Bank Iowa and Edward Jones for financial advice and assistance. All these local businesses help foster an environment of commerce and prosperity in the area.
Colwell has an unemployment rate of 4.6%. The US average is 6.0%.
Colwell has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 31.4%, which is lower than the US average of 33.5%.
Tax Rates for Colwell
- The Sales Tax Rate for Colwell is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Colwell 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 Colwell
- The average income of a Colwell resident is $23,231 a year. The US average is $28,555 a year.
- The Median household income of a Colwell resident is $41,786 a year. The US average is $69,021 a year.