Pacific Junction, IA is a small city located in Mills County with an estimated population of 544 people. The cost of living index in Pacific Junction is lower than the US average making it an attractive option for people looking for a more affordable place to live. Average rent prices for two bedroom apartments are around $1,020 compared to the US average of $1,430, and the Grocery Cost Index is 96 versus 100 in the US.
The local economy is diverse with several companies such as D&D Grain & Produce, First State Bank, Hahn Insurance Agency and Paint My Place providing employment opportunities. Additionally, there are several other businesses such as Murph's Pub & Grill, Kaleidoscope Crafts & Gifts and Winkles Home Center offering local goods and services to residents and visitors alike.
Pacific Junction has an unemployment rate of 3.5%. The US average is 6.0%.
Pacific Junction has seen the job market decrease by -5.6% over the last year. Future job growth over the next ten years is predicted to be 28.9%, which is lower than the US average of 33.5%.
Tax Rates for Pacific Junction
- The Sales Tax Rate for Pacific Junction is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Pacific Junction 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 Pacific Junction
- The average income of a Pacific Junction resident is $22,647 a year. The US average is $37,638 a year.
- The Median household income of a Pacific Junction resident is $47,361 a year. The US average is $69,021 a year.