Lu Verne, IA is a small town located in the state of Iowa. The town has an estimated population of 943 people and is considered to be a rural area. Due to its small size, the cost of living in Lu Verne is significantly lower than that of the United States as a whole. For example, the average two bedroom rent in Lu Verne is only $710 while the national average for the same type of housing is $1,430. Grocery costs are also much lower here than they are nationally, with Lu Verne's grocery cost index coming in at 90 compared to 100 in the US.
In terms of businesses local to Lu Verne, some popular names include Joe's Pizza and Subs, Herman's Pub & Grille, Peoples Choice Hardware Store, and Bloomfield Farm Market. All four offer goods and services that cater to both residents of Lu Verne as well as visitors from outside areas who are looking for something unique or different from what can be found elsewhere. Even in comparison to national companies such as Walmart or Target, these businesses provide competitive prices on products and services along with excellent customer service which keeps locals loyal to their hometown retailers.
Lu Verne has an unemployment rate of 3.5%. The US average is 6.0%.
Lu Verne has seen the job market decrease by -1.7% over the last year. Future job growth over the next ten years is predicted to be 22.2%, which is lower than the US average of 33.5%.
Tax Rates for Lu Verne
- The Sales Tax Rate for Lu Verne is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lu Verne 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 Lu Verne
- The average income of a Lu Verne resident is $17,552 a year. The US average is $28,555 a year.
- The Median household income of a Lu Verne resident is $43,333 a year. The US average is $69,021 a year.