Ringsted, IA Economy


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United States / Iowa / No Metro Area / Emmet County / Ringsted / Zip Codes
Ringsted, IA is a small city located in Buchanan County with a population of 569 people. It is conveniently situated close to larger cities like Waterloo and Cedar Rapids. The cost of living in Ringsted is lower than the national average, with a 2-bedroom rent costing $620 compared to the national average of $1,430. Grocery costs are also lower in Ringsted, with an index score of 90 versus 100 in the US. This makes Ringsted attractive for those seeking a more affordable lifestyle. Some local businesses include North Iowa Realty, Hansen Manufacturing Corporation, and Farm Bureau Financial Services. Overall, Ringsted offers a peaceful atmosphere at a more affordable cost than other cities in the area.

Ringsted has an unemployment rate of 4.3%. The US average is 6.0%.

Ringsted has seen the job market decrease by -7.3% 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 Ringsted
- The Sales Tax Rate for Ringsted is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Ringsted 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 Ringsted
- The average income of a Ringsted resident is $31,599 a year. The US average is $37,638 a year.
- The Median household income of a Ringsted resident is $55,938 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRingsted, IowaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
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    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
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    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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