Duncan, IA is a small town with an estimated population of 454 so it is no surprise that rent for a 2 bedroom apartment in Duncan is much cheaper than the US average at $780 compared to $1,430. Moreover, the Grocery Cost Index in Duncan is 93 which implies food prices are lower than the US average of 100. Some of the local businesses in Duncan include The Country Store, American Legion Post 253, and Rick's Sawmill Operation. In conclusion, Duncan offers a more affordable cost of living with cheaper rent and grocery prices when compared to other places in the US.
Duncan has an unemployment rate of 3.8%. The US average is 6.0%.
Duncan has seen the job market decrease by -5.6% over the last year. Future job growth over the next ten years is predicted to be 19.7%, which is lower than the US average of 33.5%.
Tax Rates for Duncan
- The Sales Tax Rate for Duncan is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Duncan 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 Duncan
- The average income of a Duncan resident is $25,258 a year. The US average is $37,638 a year.
- The Median household income of a Duncan resident is $0 a year. The US average is $69,021 a year.