Massena, IA is a small town with a population of around 1,000 people. It’s located in Franklin County and has been an important agricultural hub in the region for over a century. The cost of living in Massena is quite low, with 2 bedroom rentals available for $790 while the US average is $1,430. Grocery cost index in Massena also offers some savings compared to the rest of the US, coming in at 93 versus 100 on the national index. There are several local businesses that help drive the economy in Massena such as Frederick’s Home Center which sells furniture and appliances, Massena Auto Parts which provides vehicle maintenance services and Carpet Express which offers flooring services. With its lower cost of living and charming rural atmosphere, many families are drawn to this quaint Iowa community
Massena has an unemployment rate of 4.1%. The US average is 6.0%.
Massena has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 15.1%, which is lower than the US average of 33.5%.
Tax Rates for Massena
- The Sales Tax Rate for Massena is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Massena 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 Massena
- The average income of a Massena resident is $22,390 a year. The US average is $28,555 a year.
- The Median household income of a Massena resident is $58,906 a year. The US average is $69,021 a year.