Ocheyedan, IA is a small town located in Osceola County. It has a population of 813 people as of 2020 and is known for its picturesque views and rural charm. The cost of living in Ocheyedan is relatively low compared to other cities across the United States. For example, 2 bedroom rent is around $780 per month while it's usually over $1,430 per month across the US. Additionally, grocery costs are 92 on the index versus 100 in the US. This makes Ocheyedan an attractive option for those looking to save money without having to sacrifice quality of life.
There are several local businesses that make up the economy of this small town including S&G Bakery, Farm Country Foods, and Shady Acres Golf Course & Restaurant. In addition to these businesses, there are also multiple services available throughout Ocheyedan such as hair salons, auto repair shops, banks, pharmacies and more. All these things make it easy to live a comfortable life in this quaint town while still being able to save money due to its favorable cost of living index.
Ocheyedan has an unemployment rate of 2.7%. The US average is 6.0%.
Ocheyedan has seen the job market decrease by -1.9% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Ocheyedan
- The Sales Tax Rate for Ocheyedan is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Ocheyedan 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 Ocheyedan
- The average income of a Ocheyedan resident is $23,050 a year. The US average is $28,555 a year.
- The Median household income of a Ocheyedan resident is $68,750 a year. The US average is $69,021 a year.