Parnell, IA is a small city located in Iowa with a population of just over 500 people. Residents enjoy the quiet atmosphere and the close proximity to larger cities like Cedar Rapids and Iowa City. The cost of rent for two bedrooms in Parnell is much less than that of the national average at $950 versus $1,430. Groceries also tend to be cheaper here as well since the grocery cost index is 99 compared to the US average of 100. There are several local companies that offer goods and services, including B & K Plumbing, Lone Tree Construction and Dairy Queen. Parnell also offers a variety of outdoor activities such as hiking trails, camping sites and golf courses.
Parnell has an unemployment rate of 4.5%. The US average is 6.0%.
Parnell has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 35.3%, which is higher than the US average of 33.5%.
Tax Rates for Parnell
- The Sales Tax Rate for Parnell is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Parnell 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 Parnell
- The average income of a Parnell resident is $24,676 a year. The US average is $28,555 a year.
- The Median household income of a Parnell resident is $47,500 a year. The US average is $69,021 a year.