Rockwell, IA Economy


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equestId":"b7084705-4ff9-46f6-980c-1b74e2f400c7","resource":"content","data":[{"id":"txt_7544f0d5971b448a884dfaead85ec2cc","text":"\nRockwell, IA is a small rural town located in northwest Iowa. The cost of living in Rockwell is quite low when compared to the national average, with the average two-bedroom rent costing around $810, as opposed to the national average of $1,430. Additionally, the Grocery Cost Index in Rockwell is 93 versus 100 in the US. Popular local companies in Rockwell include Anderson Electric Coop, Rockwell Supply Company and Anderson Seed & Grain. These businesses provide important services and products to local residents.

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

Rockwell has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 32.3%, which is lower than the US average of 33.5%.

Tax Rates for Rockwell
- The Sales Tax Rate for Rockwell is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Rockwell 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 Rockwell
- The average income of a Rockwell resident is $26,188 a year. The US average is $28,555 a year.
- The Median household income of a Rockwell resident is $52,150 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRockwell, IowaUnited States
  4.36
  -5.6%-6.2%
  32.3%33.5%
  7.0%6.2%
  7.4%4.6%
  $26,413$37,638
  $52,150$69,021
  $75,250$85,028
  Population by Occupation
  0.7%1.2%
  1.2%0.5%
  8.7%6.8%
  22.8%10.0%
  2.2%2.5%
  13.9%11.0%
  10.1%4.8%
  0.0%0.8%
  1.7%1.9%
  1.9%4.7%
  0.0%1.9%
  1.4%7.6%
  0.0%0.1%
  2.2%4.2%
  4.3%9.3%
  19.0%14.0%
  2.2%2.1%
  2.4%7.0%
  1.4%4.8%
  3.8%4.7%
Health
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