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 -0.9% 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 $29,912 a year. The US average is $28,555 a year.
- The Median household income of a Ringsted resident is $55,938 a year. The US average is $69,021 a year.