Montezuma, IA is a small city located in Poweshiek County. It is home to several local businesses such as Main Street Mart Grocery Store, Carpet Plus Flooring, and NAPA Auto Parts. The cost of living in Montezuma is relatively inexpensive. For example, 2 Bedroom rent in Montezuma is around $720 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Montezuma is 96 versus 100 for the US as a whole. Therefore, residents of Montezuma can enjoy a good quality of life despite lower costs than other parts of the country.
Montezuma has an unemployment rate of 4.7%. The US average is 6.0%.
Montezuma has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 21.4%, which is lower than the US average of 33.5%.
Tax Rates for Montezuma
- The Sales Tax Rate for Montezuma is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Montezuma 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 Montezuma
- The average income of a Montezuma resident is $23,729 a year. The US average is $28,555 a year.
- The Median household income of a Montezuma resident is $55,819 a year. The US average is $69,021 a year.