Mondamin, IA is a small town in Harrison County that offers an affordable cost of living. The average two bedroom rent is just $870 per month, making it very affordable and attractive to renters. The grocery cost index in Mondamin is also quite low at 95 compared to the national average of 100. This makes it a great place to live for those looking for an affordable lifestyle. Some of the local companies that call Mondamin home include Harland Precision Machining Company, Harrison Lumber Company, and Mondamin Manufacturing Company. All three have been operating in the area since the mid-20th century and provide a variety of products and services to residents throughout the region.
Mondamin has an unemployment rate of 3.9%. The US average is 6.0%.
Mondamin 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 24.9%, which is lower than the US average of 33.5%.
Tax Rates for Mondamin
- The Sales Tax Rate for Mondamin is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Mondamin 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 Mondamin
- The average income of a Mondamin resident is $26,681 a year. The US average is $28,555 a year.
- The Median household income of a Mondamin resident is $65,188 a year. The US average is $69,021 a year.