Kinross, IA is a small town located in the Midwest region of the United States. It has a vibrant business community, with notable local companies such as Kinross Furniture, Farmers Insurance Group, and Vann's Bakery. The cost of living in Kinross is relatively affordable, with rental costs for two-bedroom apartments averaging around $790 per month. This is significantly lower than the national average of $1,430 per month. Additionally, the Grocery Cost Index in Kinross is 92 compared to 100 in the US on average. Overall, Kinross is an affordable place to live with plenty of job opportunities.
Kinross has an unemployment rate of 4.8%. The US average is 6.0%.
Kinross has seen the job market decrease by -4.5% over the last year. Future job growth over the next ten years is predicted to be 16.1%, which is lower than the US average of 33.5%.
Tax Rates for Kinross
- The Sales Tax Rate for Kinross is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Kinross 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 Kinross
- The average income of a Kinross resident is $20,778 a year. The US average is $37,638 a year.
- The Median household income of a Kinross resident is $0 a year. The US average is $69,021 a year.