Masonville, IA is a small town with a cost of living that is lower than the national average. The rent for a two bedroom apartment in Masonville is $800 per month, which is about 45% lower than the US average of $1430. Additionally, the Grocery Cost Index is 97, meaning groceries are only 3 percent more expensive than they are nationally.
The town boasts a number of locally owned businesses such as the Masonville General Store, where visitors can find items for everyday life or gifts for their loved ones. For those looking to grab something to eat, there's La Cucaracha Mexican Restaurant and Silver Hill Pizza offering great food at affordable prices. And finally, there's Old Timer's Lodge, which has been around for over 35 years serving up some of the best burgers in town.
Masonville has an unemployment rate of 3.7%. The US average is 6.0%.
Masonville has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Masonville
- The Sales Tax Rate for Masonville is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Masonville 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 Masonville
- The average income of a Masonville resident is $22,755 a year. The US average is $28,555 a year.
- The Median household income of a Masonville resident is $43,750 a year. The US average is $69,021 a year.