Marcus, IA is a small town located in the northwest part of the state known for its rural charm and vibrant economy. The cost of living in Marcus is lower than that of many larger cities in Iowa, making it an attractive option for those seeking affordability. Two bedroom apartments typically rent for around $820 per month, which is significantly lower than the national average of $1,430. Groceries are also less expensive in Marcus compared to other places in the country, with a grocery cost index coming in at 93 versus 100 nationally. Residents have access to local businesses such as Pizza Ranch and K & E Meats, as well as attractions like Marcus Old Mill Park and Marcus Amphitheater. Overall, Marcus offers a high quality of life at an affordable price point.
Marcus has an unemployment rate of 3.9%. The US average is 6.0%.
Marcus has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 22.0%, which is lower than the US average of 33.5%.
Tax Rates for Marcus
- The Sales Tax Rate for Marcus is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Marcus 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 Marcus
- The average income of a Marcus resident is $29,581 a year. The US average is $28,555 a year.
- The Median household income of a Marcus resident is $57,778 a year. The US average is $69,021 a year.