Maharishi Vedic City, IA is a small town located in Iowa. It is home to many local businesses, such as Maharishi University of Management and Maharishi Ayurveda Products International. The cost of living in Maharishi Vedic City is quite low compared to the US average. The rent for two-bedroom apartments is only $880, while the US average is much higher at $1,430. Additionally, the Grocery Cost Index in Maharishi Vedic City is 95 versus 100 in the US, making groceries cheaper here than most places. All these factors contribute to a lower cost of living that makes it attractive to those looking for a place with affordable options.
Maharishi Vedic City has an unemployment rate of 4.3%. The US average is 6.0%.
Maharishi Vedic City has seen the job market decrease by -9.7% over the last year. Future job growth over the next ten years is predicted to be 23.3%, which is lower than the US average of 33.5%.
Tax Rates for Maharishi Vedic City
- The Sales Tax Rate for Maharishi Vedic City is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Maharishi Vedic City 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 Maharishi Vedic City
- The average income of a Maharishi Vedic City resident is $32,615 a year. The US average is $37,638 a year.
- The Median household income of a Maharishi Vedic City resident is $64,167 a year. The US average is $69,021 a year.