Corwith, IA is a small rural town with a population of about 500 people. The town is home to a few local businesses including the Corwith Grocery Store, The Corwith Hardware Store, and Corwith Auto Repair. The cost of rent in Corwith for two bedrooms is much lower than the national average at $700 per month compared to the US average of $1,430. Additionally, the grocery cost index in Corwith is 91 versus 100 in the US reflecting lower prices on food items. Overall, Corwith is a great place to live for those looking for an affordable lifestyle in a small community setting.
Corwith has an unemployment rate of 3.8%. The US average is 6.0%.
Corwith has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 19.7%, which is lower than the US average of 33.5%.
Tax Rates for Corwith
- The Sales Tax Rate for Corwith is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Corwith 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 Corwith
- The average income of a Corwith resident is $21,204 a year. The US average is $28,555 a year.
- The Median household income of a Corwith resident is $38,036 a year. The US average is $69,021 a year.