Deep River, IA is a small town located in Montgomery County with a population of around 500 people. It's known for its peaceful atmosphere and low cost of living. The average two-bedroom rent in Deep River is $870 compared to the US average of $1,430, making it an affordable option for those looking to live in a rural area. Additionally, the Grocery Cost Index in Deep River is 93 versus 100 in the US, which further adds to its affordability factor. In terms of local business, the town features some popular attractions such as the Woodland Park Zoo and Westside BBQ. There are also several banks and retail stores located within the area that provide various services for locals. All these factors combined make Deep River an attractive place to live with low rent and grocery costs compared to other cities or towns in the same area.
Deep River has an unemployment rate of 4.7%. The US average is 6.0%.
Deep River has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 21.4%, which is lower than the US average of 33.5%.
Tax Rates for Deep River
- The Sales Tax Rate for Deep River is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Deep River 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 Deep River
- The average income of a Deep River resident is $22,665 a year. The US average is $28,555 a year.
- The Median household income of a Deep River resident is $59,821 a year. The US average is $69,021 a year.