Meriden, IA is a small town situated in a rural area. It has a population of just over 1,000 people and offers its residents an affordable cost of living. The average two bedroom rent in Meriden, IA is $820 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Meriden is 92 versus 100 for the entire United States. This makes it an attractive place to live for those who want to save some money.
The town boasts several local businesses such as Meriden Supply Co., Family Foods & Fuel, and Kincaid Insurance Agency which gives locals access to the goods and services they need without having to travel too far outside of their town. All in all, Meriden has a great cost of living index that allows its citizens to enjoy an affordable lifestyle while still being close enough to commute to work or shop elsewhere if need be.
Meriden has an unemployment rate of 3.9%. The US average is 6.0%.
Meriden 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 Meriden
- The Sales Tax Rate for Meriden is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Meriden 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 Meriden
- The average income of a Meriden resident is $23,090 a year. The US average is $28,555 a year.
- The Median household income of a Meriden resident is $71,250 a year. The US average is $69,021 a year.