Inwood, Iowa is a small town located in the northwest corner of the state. Though it may be modest in size, Inwood provides its citizens with an abundance of opportunities. The average two-bedroom rent rate in Inwood is $810, making it much more affordable than the national average of $1,430. Grocery costs are also significantly lower at 98 compared to 100 nationally.
Inwood is home to many local companies such as Inwood State Bank, Finikel & Sons Construction, and The Daily Grind Coffee House. These establishments provide ample job opportunities and services for residents. Despite being a smaller town than most, Inwood offers its citizens an overall lower cost of living than the national average.
Inwood has an unemployment rate of 2.7%. The US average is 6.0%.
Inwood has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 24.1%, which is lower than the US average of 33.5%.
Tax Rates for Inwood
- The Sales Tax Rate for Inwood is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Inwood 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 Inwood
- The average income of a Inwood resident is $24,043 a year. The US average is $28,555 a year.
- The Median household income of a Inwood resident is $54,803 a year. The US average is $69,021 a year.