Craig, IA is a small town located in southwest Iowa with a population of approximately 500 people. It is known for its affordable 2 bedroom rent, which averages $820 compared to the national average of $1,430 and its relatively low grocery cost index at 97 versus 100 nationally. With such affordability and convenience, Craig offers many local businesses to meet the needs of its residents. Some notable companies include Craig Grocery Store, Craig Auto Parts, and Craig Pest Control. The community also provides many small services that help bring the town together and make it a great place to live.
Craig has an unemployment rate of 3.1%. The US average is 6.0%.
Craig has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 26.0%, which is lower than the US average of 33.5%.
Tax Rates for Craig
- The Sales Tax Rate for Craig is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Craig 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 Craig
- The average income of a Craig resident is $23,152 a year. The US average is $28,555 a year.
- The Median household income of a Craig resident is $55,625 a year. The US average is $69,021 a year.