Farmersburg, IA is a small city located in Clayton County with a population of around 950 people. The cost of living here is relatively low compared to the rest of the United States; an average 2-bedroom rental runs at only $770 per month compared to a national average of $1,430. Additionally, the Grocery Cost Index in Farmersburg is 95 versus 100 in the US, making it very affordable for locals to purchase essential food items.
The city of Farmersburg has plenty of businesses to offer its citizens including Eichorn's Automotive Repair, Farmer's Market Grocery Store, and Stemple Tax Services. These local businesses are popular amongst residents as they provide reliable services at reasonable prices. Furthermore, these companies often employ members from within the community providing further economic stability for their families.
Overall, Farmersburg is an excellent place to settle down due to its affordability and close proximity to other larger cities such as Guttenberg or Waukon. Though life in this small town may be quite different from life in other parts of United States due to its size and lack of amenities, it offers financial stability and a sense of family-oriented community that cannot be found anywhere else.
Farmersburg has an unemployment rate of 6.6%. The US average is 6.0%.
Farmersburg has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 23.4%, which is lower than the US average of 33.5%.
Tax Rates for Farmersburg
- The Sales Tax Rate for Farmersburg is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Farmersburg 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 Farmersburg
- The average income of a Farmersburg resident is $19,992 a year. The US average is $28,555 a year.
- The Median household income of a Farmersburg resident is $42,340 a year. The US average is $69,021 a year.