Ossian, IA is a small town located in Winneshiek County with a population of around 1,500 people. The cost of living in Ossian is lower than the US average, as evidenced by the 2 bedroom rent cost of $780 compared to $1,430 nationally. Similarly, the Grocery Cost Index in Ossian is 96 compared to 100 nationally. This makes Ossian a desirable place for those looking for an affordable lifestyle. The town has several local businesses which provide opportunities for employment and services such as Bemrich Electric Inc., Storkcraft Furniture Sewing Company, and Odin's Bar & Grill. With lower rent costs and other expenses, Ossian offers residents an attractive cost of living option.
Ossian has an unemployment rate of 5.3%. The US average is 6.0%.
Ossian has seen the job market decrease by -9.8% over the last year. Future job growth over the next ten years is predicted to be 17.4%, which is lower than the US average of 33.5%.
Tax Rates for Ossian
- The Sales Tax Rate for Ossian is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Ossian 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 Ossian
- The average income of a Ossian resident is $32,829 a year. The US average is $37,638 a year.
- The Median household income of a Ossian resident is $53,672 a year. The US average is $69,021 a year.