Floyd, IA is a small town in Iowa with charming local businesses. It has an affordable cost of living compared to the US average. The rent for two bedroom apartments is $790, which is about half of what it would be nationally. Additionally, the grocery cost index in Floyd is 93 versus 100 in the US. This makes groceries much cheaper and more accessible for locals. Some popular local businesses include The Country Store, an antique shop; Floyd Café & Bakery; and Lazy River Garage & Repair Service. With its low cost of living and variety of businesses, Floyd is an attractive place to live.
Floyd has an unemployment rate of 4.6%. The US average is 6.0%.
Floyd has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 31.4%, which is lower than the US average of 33.5%.
Tax Rates for Floyd
- The Sales Tax Rate for Floyd is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Floyd 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 Floyd
- The average income of a Floyd resident is $18,284 a year. The US average is $28,555 a year.
- The Median household income of a Floyd resident is $65,000 a year. The US average is $69,021 a year.