Peterson, IA is a small city located in Northwestern Iowa. It has been an important agricultural center for over 100 years. The city is home to several local companies including Peterson Manufacturing, Peterson Grain Company, and Peterson Cattle Company. Despite its small size, Peterson has the lowest 2 bedroom rental rates in the state at $780 compared to the national average of $1430. The city also has a significantly lower Grocery Cost Index than the national average with 92 versus 100 respectively. This makes it an attractive place to live for those looking for affordable housing options.
Peterson has an unemployment rate of 4.0%. The US average is 6.0%.
Peterson has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 17.2%, which is lower than the US average of 33.5%.
Tax Rates for Peterson
- The Sales Tax Rate for Peterson is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Peterson 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 Peterson
- The average income of a Peterson resident is $24,165 a year. The US average is $28,555 a year.
- The Median household income of a Peterson resident is $64,750 a year. The US average is $69,021 a year.