Humeston, IA is a small town in Wayne County located in southern Iowa. The population of the town is about 572 people and the cost of living is relatively low compared to the national average. The median 2 bedroom rent in Humeston is much lower than the national average at $710 compared to $1,430. Similarly, grocery costs in Humeston are 8% lower than the national index of 100. Local companies and industries around Humeston include Home Pride Foods, which is a family-owned food manufacturer established in 1987; Farley's Foundry and Machine Works, which specializes in custom machining and castings; Humeston Grain Company, which offers grain storage services to local farmers; and Puck Custom Enterprises Inc., an agricultural service provider established in 1971.
Humeston has an unemployment rate of 3.6%. The US average is 6.0%.
Humeston has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 21.5%, which is lower than the US average of 33.5%.
Tax Rates for Humeston
- The Sales Tax Rate for Humeston is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Humeston 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 Humeston
- The average income of a Humeston resident is $20,701 a year. The US average is $28,555 a year.
- The Median household income of a Humeston resident is $43,690 a year. The US average is $69,021 a year.