Milton, IA is a small town located in the Midwest with an estimated population of 600 people. The town is known for its friendly people and small-town charm. Local companies in Milton include Big Slice Pizza, Maurine's RV Park, and Oskaloosa Lawn Care. The two bedroom rent cost in Milton is significantly lower than the US average at just $780 compared to $1,430 on a national level. This can save renters hundreds of dollars each month while still enjoying a high quality of life. Additionally, the grocery cost index in Milton is 92 compared to 100 nationally making it cheaper to shop for necessities there as well.
Milton has an unemployment rate of 3.9%. The US average is 6.0%.
Milton has seen the job market decrease by -2.6% over the last year. Future job growth over the next ten years is predicted to be 16.4%, which is lower than the US average of 33.5%.
Tax Rates for Milton
- The Sales Tax Rate for Milton is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Milton 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 Milton
- The average income of a Milton resident is $14,818 a year. The US average is $28,555 a year.
- The Median household income of a Milton resident is $38,333 a year. The US average is $69,021 a year.