Moravia, IA Economy


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United States / Iowa / No Metro Area / Appanoose County / Moravia / Zip Codes
Moravia, IA is a small town in the Appanoose county of Iowa. Despite its size, Moravia is a great place to live with an affordable rent of $810 for 2 bedrooms and low Grocery Cost Index of 94 compared to US average of 100. Some popular local companies include Moravia Resale, Pritchard's Supermarket, and Midwest Machinery Inc. The town also hosts many outdoor activities such as fishing and hiking at the nearby Lake Rathbun. There are also an array of restaurants and eateries for residents to enjoy.

Moravia has an unemployment rate of 4.1%. The US average is 6.0%.

Moravia has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 20.6%, which is lower than the US average of 33.5%.

Tax Rates for Moravia
- The Sales Tax Rate for Moravia is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Moravia 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 Moravia
- The average income of a Moravia resident is $22,796 a year. The US average is $37,638 a year.
- The Median household income of a Moravia resident is $48,355 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMoravia, IowaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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