Merrill, IA is a small town in central Iowa with a population of around 600 people. It is a great destination for those looking for an affordable place to live as the 2 bedroom rent is $780 compared to the US average of $1,430. The grocery cost index in Merrill is 97 against the US average of 100 which makes it an affordable option when it comes to groceries. When living in Merrill you can enjoy local amenities such as Chucks Home Improvement & Lawncare, High Plains Eastern Star, and Merrill Golf Course. There are plenty of parks and outdoor recreation opportunities in the area and there’s also a library so you can get your reading fix too. Overall, Merrill is an affordable and picturesque small town that has plenty to offer its residents.
Merrill has an unemployment rate of 3.1%. The US average is 6.0%.
Merrill has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 26.0%, which is lower than the US average of 33.5%.
Tax Rates for Merrill
- The Sales Tax Rate for Merrill is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Merrill 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 Merrill
- The average income of a Merrill resident is $24,532 a year. The US average is $28,555 a year.
- The Median household income of a Merrill resident is $67,344 a year. The US average is $69,021 a year.