Goldfield, IA is a small rural town located in Wright County with a population of 647 people according to the last census. It is known for its peaceful atmosphere, affordable housing costs and low cost of living. The median rental rate for a two bedroom apartment in Goldfield, IA is $790 whereas the same accommodation in other areas of the US costs an average of $1,430. Additionally, the Grocery Cost Index in Goldfield, IA is 92 compared to 100 nationally. This makes it much more affordable to buy food and other items from local stores such as Ridgeway Market and Frisk's Super Valu. Furthermore, local businesses like Steve's Towing & Repair and Anderson Trucking offer services at discounted prices which further contributes to keeping the cost of living low in Goldfield.
Goldfield has an unemployment rate of 3.9%. The US average is 6.0%.
Goldfield has seen the job market decrease by -1.6% over the last year. Future job growth over the next ten years is predicted to be 13.3%, which is lower than the US average of 33.5%.
Tax Rates for Goldfield
- The Sales Tax Rate for Goldfield is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Goldfield 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 Goldfield
- The average income of a Goldfield resident is $19,917 a year. The US average is $28,555 a year.
- The Median household income of a Goldfield resident is $55,568 a year. The US average is $69,021 a year.