Larchwood, IA is an attractive and affordable place to live. Rent for a two bedroom apartment is significantly lower than the US average at $930 compared to $1,430. Additionally, the Grocery Cost Index is also lower than the US average, coming in at 98 versus 100. Larchwood offers a variety of local businesses and attractions including The Lodge Bar & Grill which features a full bar, classic pub food, live music, and outdoor seating; Larchwood Auto Repair which provides quality auto repair services;and Cedar Valley Golf Course which offers 9 holes of golf, mini-golf and an amazing driving range!
Larchwood has an unemployment rate of 2.7%. The US average is 6.0%.
Larchwood has seen the job market decrease by -5.2% 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 Larchwood
- The Sales Tax Rate for Larchwood is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Larchwood 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 Larchwood
- The average income of a Larchwood resident is $31,322 a year. The US average is $37,638 a year.
- The Median household income of a Larchwood resident is $52,250 a year. The US average is $69,021 a year.