Maloy, IA is a small town located in the Midwest region of the United States. It is home to a few local companies, such as Mac's Market, The Maloy Times newspaper, and Crowley Engineering. The cost of living in Maloy is considerably lower than the national average; for example, rent for two bedrooms apartments comes to approximately $720 compared to $1,430 nationally. Grocery costs are similarly lower in Maloy at 90 compared to 100 nationally. This makes it an ideal place for those searching for an affordable lifestyle without sacrificing job opportunities.
Maloy has an unemployment rate of 3.2%. The US average is 6.0%.
Maloy has seen the job market decrease by -5.3% over the last year. Future job growth over the next ten years is predicted to be 25.3%, which is lower than the US average of 33.5%.
Tax Rates for Maloy
- The Sales Tax Rate for Maloy is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Maloy 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 Maloy
- The average income of a Maloy resident is $41,330 a year. The US average is $37,638 a year.
- The Median household income of a Maloy resident is $84,500 a year. The US average is $69,021 a year.