Fenton, IA is a small town in the Midwestern United States. Its proximity to other large cities makes it an appealing destination for those who want to escape the hustle and bustle of metropolitan life. The cost of living in Fenton is significantly lower than most, with an average 2 bedroom rent of $720 compared to the US average of $1,430. Groceries are especially affordable, with a grocery cost index of 91 versus 100 in the US. Residents have access to many local businesses and services such as M&M Supermart, Fenton Family Diner, and Fenton Tire & Automotive Repair. There are also many recreational activities and events available throughout the year that cater to both young and old alike. Whether you're looking for an affordable place to live or just need some downtime away from city life, Fenton has something for everyone.
Fenton has an unemployment rate of 3.5%. The US average is 6.0%.
Fenton has seen the job market decrease by -1.7% over the last year. Future job growth over the next ten years is predicted to be 22.2%, which is lower than the US average of 33.5%.
Tax Rates for Fenton
- The Sales Tax Rate for Fenton is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Fenton 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 Fenton
- The average income of a Fenton resident is $27,519 a year. The US average is $28,555 a year.
- The Median household income of a Fenton resident is $55,625 a year. The US average is $69,021 a year.