Derby, IA is a small town located in the Midwest. It is known for its affordability, with 2 bedroom rent at just $850 compared to the US average of $1,430. Cost of living is also much more affordable here than in many other towns or cities; Derby's Grocery Cost Index is 92 compared to 100 in the US. This makes Derby a great place to live for those who are looking for economic stability and peace of mind. It is also surrounded by many local companies and amenities such as The Edge Sports Bar & Grill, Grainsland Co-Op Store, and Riverside Park. With its afforability and abundance of local businesses and services, Derby is an ideal town for families looking to settle down in a safe and comfortable environment.
Derby has an unemployment rate of 3.2%. The US average is 6.0%.
Derby has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 25.1%, which is lower than the US average of 33.5%.
Tax Rates for Derby
- The Sales Tax Rate for Derby is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Derby 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 Derby
- The average income of a Derby resident is $17,342 a year. The US average is $28,555 a year.
- The Median household income of a Derby resident is $44,500 a year. The US average is $69,021 a year.