Grimes, IA Economy


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Grimes, IA is an ideal place to live with its affordable 2 bedroom rent of $1,160. This is significantly lower than the national average of $1,430 for two bedroom rentals. Other costs such as groceries are also comparatively lower in Grimes with a grocery cost index of 101 versus 100 nationally.
Grimes is home to many popular businesses such as Hy-Vee, Pizza Ranch, and Casey's General Store where locals can find a variety of products and services. In addition there are several small businesses in Grimes that provide specialty items and services such as W & L Auto Body, J & J Tree Service, and The Carpet Fair.

Grimes has an unemployment rate of 4.6%. The US average is 6.0%.

Grimes has seen the job market decrease by -6.0% over the last year. Future job growth over the next ten years is predicted to be 35.9%, which is higher than the US average of 33.5%.

Tax Rates for Grimes
- The Sales Tax Rate for Grimes is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Grimes 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 Grimes
- The average income of a Grimes resident is $39,062 a year. The US average is $37,638 a year.
- The Median household income of a Grimes resident is $90,456 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGrimes, IowaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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