Owasa, IA is a great place to live with an inexpensive cost of living. The average 2 bedroom rent in Owasa is $780 which is significantly lower than the US average of $1,430. The grocery cost index in Owasa is 94 compared to 100 in the US which shows groceries here are cheaper too. Many local businesses can be found in Owasa such as Blessing’s Grocery Store, Whoopsie Daisy Florist Shop, and the Garden Shed Hardware Store. Residents of Owasa enjoy an affordable lifestyle due to low rent and groceries costs making it an attractive choice for those on a budget.
Owasa has an unemployment rate of 4.5%. The US average is 6.0%.
Owasa has seen the job market decrease by -6.7% over the last year. Future job growth over the next ten years is predicted to be 16.2%, which is lower than the US average of 33.5%.
Tax Rates for Owasa
- The Sales Tax Rate for Owasa is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Owasa 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 Owasa
- The average income of a Owasa resident is $41,041 a year. The US average is $37,638 a year.
- The Median household income of a Owasa resident is $0 a year. The US average is $69,021 a year.