Danbury, IA is a great small town to call home. It offers low rent prices, with the average two bedroom rental costing only $820 a month compared to the US average of $1,430. The grocery cost index in Danbury is also lower than the national average at 93 versus 100. There are plenty of local businesses such as J&T Co-Op Supply Store, NCI Corporate 2 for specialty items and services, and the Taste of Danbury Restaurant for a delicious bite to eat. With cheaper living expenses and an abundance of local amenities, Danbury makes an excellent place to live.
Danbury has an unemployment rate of 4.5%. The US average is 6.0%.
Danbury 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 22.7%, which is lower than the US average of 33.5%.
Tax Rates for Danbury
- The Sales Tax Rate for Danbury is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Danbury 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 Danbury
- The average income of a Danbury resident is $24,765 a year. The US average is $28,555 a year.
- The Median household income of a Danbury resident is $58,750 a year. The US average is $69,021 a year.