Edgewood, IA is an affordable town with a population of 1,551 people. Compared to the US median rent for two-bedrooms of $1,430 per month, Edgewood offers an average two-bedroom rent of only $880. Additionally, there is a significant difference in the grocery cost index in Edgewood versus the US average. This means that it is cheaper to purchase groceries in Edgewood than elsewhere in the country. Despite its small size, Edgewood has big city amenities such as established companies like Kwik Can Du Grocery Store and Lillian’s Hair Haven Salon & Spa. These businesses offer employment opportunities for those looking to stay within the community and have quality services available at their fingertips.
Edgewood has an unemployment rate of 3.7%. The US average is 6.0%.
Edgewood has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Edgewood
- The Sales Tax Rate for Edgewood is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Edgewood 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 Edgewood
- The average income of a Edgewood resident is $22,944 a year. The US average is $28,555 a year.
- The Median household income of a Edgewood resident is $43,281 a year. The US average is $69,021 a year.