Gravity, IA is a small town located in the state of Iowa. It has a population of around 2,000 people and is known for its charming downtown area full of small businesses. Gravity offers affordable housing options with two-bedroom apartments renting for as low as $720 per month. The cost of living in Gravity is also relatively low, with the Grocery Cost Index being 92 compared to 100 in the US on average. There are many local companies and services found in Gravity such as Gravity Cafe, an independent cafe that serves fresh coffee and pastries every day; Hauser's Hardware Store offering a wide range of hardware supplies; and Bridget's Bakery selling freshly made baked goods daily. With its friendly atmosphere and affordable cost of living, Gravity is a great place to live for those looking for an easy lifestyle.
Gravity has an unemployment rate of 3.3%. The US average is 6.0%.
Gravity has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 29.6%, which is lower than the US average of 33.5%.
Tax Rates for Gravity
- The Sales Tax Rate for Gravity is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Gravity 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 Gravity
- The average income of a Gravity resident is $53,882 a year. The US average is $28,555 a year.
- The Median household income of a Gravity resident is $39,250 a year. The US average is $69,021 a year.