Rake, IA is a small city with a population of approximately 1,100 people. It is located in the central part of the state and offers an affordable cost of living for its residents. The average rent for a two-bedroom apartment in Rake, IA is $700, while the national average is $1,430. Grocery costs are also lower than the national index at 88 versus 100.
Residents enjoy shopping at several local businesses such as Rake Hardware Store, Kim's Quik Mart, and Baker Street Bakery & Café. There are also plenty of outdoor activities to explore in the area including camping at Lake Fargreen Park and fishing on Big Elk Creek. Additionally, visitors can check out historic Downtown Rake or take part in special events like JigFest every October.
Rake has an unemployment rate of 4.1%. The US average is 6.0%.
Rake has seen the job market increase by 0.0% over the last year. Future job growth over the next ten years is predicted to be 28.7%, which is lower than the US average of 33.5%.
Tax Rates for Rake
- The Sales Tax Rate for Rake is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Rake 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 Rake
- The average income of a Rake resident is $19,175 a year. The US average is $28,555 a year.
- The Median household income of a Rake resident is $50,625 a year. The US average is $69,021 a year.