Lone Tree, IA is a small town located in Johnson County with a population of 1,347. It is home to several local businesses such as Hometown Auto Parts, Lone Tree Veterinary Clinic, and Johnson County Print & Design. The cost of living in Lone Tree is significantly lower than that of the US as a whole. For example, 2 bedroom rent in Lone Tree is $970 compared to $1430 in the US, and groceries are only 98 compared to 100 nationally. This indicates that people living in Lone Tree can expect to save money on both rent and groceries while still enjoying all of the amenities that this small town has to offer.
Lone Tree has an unemployment rate of 3.7%. The US average is 6.0%.
Lone Tree has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 32.2%, which is lower than the US average of 33.5%.
Tax Rates for Lone Tree
- The Sales Tax Rate for Lone Tree is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lone Tree 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 Lone Tree
- The average income of a Lone Tree resident is $26,026 a year. The US average is $28,555 a year.
- The Median household income of a Lone Tree resident is $72,344 a year. The US average is $69,021 a year.