Mingo, IA is a small town with a population of 1,000 people located in Eastern Iowa. It has a low cost of living and affordable housing options. The average two bedroom rental is only $820, which is significantly less than the national average of $1,430. Additionally, the Grocery Cost Index in Mingo is 97, which is slightly lower than the US average of 100. \nMingo is home to several local companies including Smith Farms Inc., Cedar Creek Bakery and Pizza Ranch restaurant. For outdoor enthusiasts there are plenty of activities available such as fishing at Lake Mingo or visiting nearby Diamondhead State Park. All in all, Mingo offers an affordable and family friendly place to live for those who enjoy small town life.
Mingo has an unemployment rate of 4.5%. The US average is 6.0%.
Mingo has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 30.8%, which is lower than the US average of 33.5%.
Tax Rates for Mingo
- The Sales Tax Rate for Mingo is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Mingo 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 Mingo
- The average income of a Mingo resident is $22,079 a year. The US average is $28,555 a year.
- The Median household income of a Mingo resident is $51,944 a year. The US average is $69,021 a year.