Polk City, IA is a small city located in the state of Iowa. It is a quiet and peaceful place with a population of around 2,000 people. The cost of living in Polk City is quite affordable compared to many other cities in the region. For example, the two bedroom rent is $1,310, which is almost $120 lower than the US average of $1,430. Additionally, the grocery cost index is 102 versus 100 in the US. This indicates that groceries are slightly more expensive but still relatively low-priced compared to other places. There are several local companies that offer jobs and services such as ABettering Electric Company, The Plumbers Choice LLC., Real Estate Central Group, and HHawk Autocare LLC. These businesses have made it easy for residents to find quality products and services while keeping costs affordable.
Polk City has an unemployment rate of 4.6%. The US average is 6.0%.
Polk City has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 35.9%, which is higher than the US average of 33.5%.
Tax Rates for Polk City
- The Sales Tax Rate for Polk City is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Polk City 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 Polk City
- The average income of a Polk City resident is $35,570 a year. The US average is $28,555 a year.
- The Median household income of a Polk City resident is $141,548 a year. The US average is $69,021 a year.