Cromwell, IA is a small town located in Iowa. It offers residents affordable housing options with 2 bedroom rents averaging $690 compared to the US average of $1,430. Grocery prices in Cromwell are also relatively low with an index of 93 versus 100 in the US. Local companies in Cromwell include Yoder's Apple Barn, Porky's BBQ & Grill, and Global Plastics LLC. Overall, Cromwell is an ideal location for those looking to enjoy small-town life while taking advantage of low cost of living opportunities.
Cromwell has an unemployment rate of 4.8%. The US average is 6.0%.
Cromwell has seen the job market decrease by -5.9% over the last year. Future job growth over the next ten years is predicted to be 20.9%, which is lower than the US average of 33.5%.
Tax Rates for Cromwell
- The Sales Tax Rate for Cromwell is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Cromwell 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 Cromwell
- The average income of a Cromwell resident is $28,176 a year. The US average is $37,638 a year.
- The Median household income of a Cromwell resident is $48,750 a year. The US average is $69,021 a year.