Dumont, IA is a small town located in Butler County that has a population of about 870 people. It is popular with rural living enthusiasts and provides residents with plenty of outdoor activities to partake in such as fishing, hunting, and boating. The average rent for a two-bedroom property in Dumont is $690 which is significantly lower than the national average of $1,430. The grocery cost index in Dumont is also lower than the national average at 92 versus 100.
Local businesses in Dumont include Family Dollar Store & Pharmacy, Rolling Acres Bar & Grill Inc, D&K Repair Service Inc., and B&B Motors Inc. These stores offer residents a variety of goods and services to meet their needs. There are also many churches and organizations located within the town that contribute to its local culture and community spirit.
Dumont has an unemployment rate of 4.5%. The US average is 6.0%.
Dumont has seen the job market decrease by -5.3% over the last year. Future job growth over the next ten years is predicted to be 15.7%, which is lower than the US average of 33.5%.
Tax Rates for Dumont
- The Sales Tax Rate for Dumont is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Dumont 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 Dumont
- The average income of a Dumont resident is $21,504 a year. The US average is $37,638 a year.
- The Median household income of a Dumont resident is $43,973 a year. The US average is $69,021 a year.