Hornick, IA is an affordable place to live with rent for two-bedroom apartments coming in at just $830 compared to the US average of $1,430. This low cost of living also extends to grocery shopping with the Grocery Cost Index in Hornick being 94 versus the national average of 100.
The town has a few local businesses that serve its residents, including Family Dollar, Casey’s General Store, Dollar General, and several small restaurants and cafes. There is also a library as well as post office where locals can go for their mail and other services. Hornick is an ideal destination for those looking for a relaxed setting without sacrificing affordability.
Hornick has an unemployment rate of 4.5%. The US average is 6.0%.
Hornick 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 22.7%, which is lower than the US average of 33.5%.
Tax Rates for Hornick
- The Sales Tax Rate for Hornick is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Hornick 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 Hornick
- The average income of a Hornick resident is $21,502 a year. The US average is $28,555 a year.
- The Median household income of a Hornick resident is $74,375 a year. The US average is $69,021 a year.