Raymond, IA is a small town located in Linn County with a population of approximately 1,000 people. It is known for its small-town charm and low cost of living. The average rent for a two-bedroom apartment is $910 compared to the national average of $1,430, while the Grocery Cost Index is 97 versus 100 in the US. Raymond offers many local businesses and amenities such as ICON Credit Union, Farmers State Bank, Super 8 Motel, Pizza Ranch Restaurant and an Abundance Health care clinic. There are also several parks and outdoor recreational activities like fishing, camping and hiking in nearby areas. Residents enjoy the rural setting of Raymond while being close to Cedar Rapids which provides additional entertainment options.
Raymond has an unemployment rate of 4.7%. The US average is 6.0%.
Raymond has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 21.5%, which is lower than the US average of 33.5%.
Tax Rates for Raymond
- The Sales Tax Rate for Raymond is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Raymond 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 Raymond
- The average income of a Raymond resident is $27,630 a year. The US average is $28,555 a year.
- The Median household income of a Raymond resident is $61,563 a year. The US average is $69,021 a year.