Packwood, IA is a small town located in the southeast corner of Iowa. It's known for its pleasant rural atmosphere and family-friendly neighborhoods. Home to around 500 people, Packwood has a unique charm that keeps locals coming back year after year. The local economy has been bolstered by several businesses including the Packwood Hotel, Packwood Auto Repair, and Johnson Feeds & Farm Supply. Additionally, Packwood is home to several attractions such as the historic Packwood House Museum and The Vibe Music Venue. With its abundance of amenities and friendly atmosphere, Packwood continues to be a beloved small town in Iowa.
Packwood has an unemployment rate of 4.3%. The US average is 6.0%.
Packwood has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 23.3%, which is lower than the US average of 33.5%.
Tax Rates for Packwood
- The Sales Tax Rate for Packwood is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Packwood 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 Packwood
- The average income of a Packwood resident is $21,533 a year. The US average is $28,555 a year.
- The Median household income of a Packwood resident is $38,125 a year. The US average is $69,021 a year.