Nevada, IA Economy


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Nevada, IA is a small town situated in the beautiful countryside of Iowa. With a population of around 6,500 people, Nevada offers affordable housing as well as low grocery costs compared to the national average. If you're looking to rent in Nevada, IA, it won't break the bank with an average two bedroom apartment costing only $870. Notable local businesses include Nevada Family Physicians, Southside Bank and Trust, and O'Grady's Pub. There are also plenty of mom & pop shops along Main Street that offer great merchandise and services.

Nevada has an unemployment rate of 3.0%. The US average is 6.0%.

Nevada has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 32.5%, which is lower than the US average of 33.5%.

Tax Rates for Nevada
- The Sales Tax Rate for Nevada is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Nevada 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 Nevada
- The average income of a Nevada resident is $27,598 a year. The US average is $28,555 a year.
- The Median household income of a Nevada resident is $64,198 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNevada, IowaUnited States
  36
  -5.8%-6.2%
  32.5%33.5%
  7.0%6.2%
  7.4%4.6%
  $39,300$37,638
  $64,198$69,021
  $85,912$85,028
  Population by Occupation
  1.0%1.2%
  0.3%0.5%
  7.7%6.8%
  15.0%10.0%
  1.8%2.5%
  6.9%11.0%
  6.5%4.8%
  1.7%0.8%
  0.7%1.9%
  3.0%4.7%
  1.2%1.9%
  5.8%7.6%
  0.0%0.1%
  5.7%4.2%
  11.4%9.3%
  10.6%14.0%
  1.0%2.1%
  5.0%7.0%
  7.6%4.8%
  7.1%4.7%
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