Malcolm, IA is a small town with a population of 1,095 and located in Poweshiek County. This cozy community is known for its affordable rent prices with the average two bedroom rental costing only $820 per month - which is much lower than the US average of $1,430. The cost of groceries is also quite low compared to other places in the US - with an index score of 93 versus 100 for the US. Local businesses in Malcolm include Cafe Diem, Miller Cleaning Services and Malcom Market.
Malcom has an unemployment rate of 4.7%. The US average is 6.0%.
Malcom has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 21.4%, which is lower than the US average of 33.5%.
Tax Rates for Malcom
- The Sales Tax Rate for Malcom is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Malcom 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 Malcom
- The average income of a Malcom resident is $28,067 a year. The US average is $28,555 a year.
- The Median household income of a Malcom resident is $65,375 a year. The US average is $69,021 a year.