Riverton, IA is a small town located in northern Iowa. With a population of just over 1,000, it offers the charm of a rural community along with a variety of amenities. The cost of living in Riverton is relatively low when compared to the rest of the United States. 2-bedroom rent prices are only $720 which is much lower than the national average of $1,430. Additionally, grocery costs are index rated at 91 versus 100 making groceries more affordable than most places in our country as well. \nThe local economy is primarily driven by small businesses such as Riverton Auto Repair and Riverton Family Pharmacy. There is also a public library that serves both children and adults alike and provides access to books and technology services. Finally, residents can enjoy outdoor activities such as camping or fishing at nearby Trout Run Lake Park or take part in annual festivals like the Grandview Music Festival or White Pine Days Festival. Overall, Riverton provides a great quality of life for its citizens with low rent prices and plenty of amenities.
Riverton has an unemployment rate of 2.5%. The US average is 6.0%.
Riverton has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 11.0%, which is lower than the US average of 33.5%.
Tax Rates for Riverton
- The Sales Tax Rate for Riverton is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Riverton 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 Riverton
- The average income of a Riverton resident is $21,416 a year. The US average is $28,555 a year.
- The Median household income of a Riverton resident is $44,167 a year. The US average is $69,021 a year.