Corning, IA is a rural town located in Adams County. It's known for its small-town charm and strong sense of community. The cost of living is quite low in Corning, with 2 bedroom rent averaging $860 compared to the US average of $1,430. Grocery costs are also much lower than the national average, with a grocery cost index of 93 versus 100 in the US. Companies like Corning Elevator & Supply Co. and Corning Auto Parts are popular local businesses that call this city home. Corning also has several parks and community gardens where residents can come together to enjoy outdoor activities. With its low cost of living and family-friendly atmosphere, it's no wonder that Corning is a great place to call home.
Corning has an unemployment rate of 3.0%. The US average is 6.0%.
Corning has seen the job market decrease by -1.5% over the last year. Future job growth over the next ten years is predicted to be 11.0%, which is lower than the US average of 33.5%.
Tax Rates for Corning
- The Sales Tax Rate for Corning is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Corning 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 Corning
- The average income of a Corning resident is $22,984 a year. The US average is $28,555 a year.
- The Median household income of a Corning resident is $52,266 a year. The US average is $69,021 a year.