Denver, IA is a small town located in the Midwest with a population of approximately 2,700. The cost of living in Denver, IA is significantly lower than the US average, making it an attractive place to live. For example, rent for a two-bedroom apartment is only $830 per month compared to $1,430 in the US on average. Similarly, grocery costs are also much lower; a grocery cost index of 98 compared to 100 in the US. Denver is home to many local businesses including Paragon Foods & Carpet Care and L&D Trucking Inc. The low cost of living makes it appealing for many residents to call this town their home.
Denver has an unemployment rate of 3.4%. The US average is 6.0%.
Denver 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 23.5%, which is lower than the US average of 33.5%.
Tax Rates for Denver
- The Sales Tax Rate for Denver is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Denver 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 Denver
- The average income of a Denver resident is $26,659 a year. The US average is $28,555 a year.
- The Median household income of a Denver resident is $82,167 a year. The US average is $69,021 a year.