Millerton, IA Economy


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United States / Iowa / No Metro Area / Wayne County / Millerton / Zip Codes
Millerton, IA is a small town located in the Midwest, just a few miles away from the Iowa-Minnesota border. It is known for its friendly atmosphere and supportive community. The cost of living in Millerton is considered to be quite reasonable when compared to other towns in the area, with two bedroom rent at $800 and grocery cost index at 93 compared to 100 in the US. There are many different local businesses operating in Millerton which include a hardware store, an auto repair shop, an antique store, and a family-owned restaurant. The town also offers parks and trails for outdoor activities such as biking or hiking. All these features make Millerton an ideal place to live for those who want a quiet lifestyle while still enjoying modern amenities close by.

Millerton has an unemployment rate of 3.6%. The US average is 6.0%.

Millerton has seen the job market decrease by -4.2% over the last year. Future job growth over the next ten years is predicted to be 21.5%, which is lower than the US average of 33.5%.

Tax Rates for Millerton
- The Sales Tax Rate for Millerton is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Millerton 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 Millerton
- The average income of a Millerton resident is $28,669 a year. The US average is $37,638 a year.
- The Median household income of a Millerton resident is $0 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMillerton, IowaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
Household Income 69021
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