Sheffield, IA is a small town located in the north of Iowa. The population is around 2,400 people and it has a small-town charm that makes it an appealing place to live for those looking for a laid-back lifestyle. The local economy is mainly based on agriculture and the natural resources found in surrounding areas. Two of the biggest employers in Sheffield are Cargill Grain Co-op and Monsanto Seed. The average two bedroom rent in Sheffield is $790 which is much lower than the US average of $1,430. Additionally, the Grocery Cost Index in Sheffield stands at 94 versus 100 for the US overall making it an affordable place to live. Other amenities available in Sheffield include good schools, outdoor activities such as fishing and hiking, easy access to Des Moines International Airport and a variety of restaurants and shops to explore.
Sheffield has an unemployment rate of 4.1%. The US average is 6.0%.
Sheffield has seen the job market decrease by -4.3% over the last year. Future job growth over the next ten years is predicted to be 21.0%, which is lower than the US average of 33.5%.
Tax Rates for Sheffield
- The Sales Tax Rate for Sheffield is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Sheffield 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 Sheffield
- The average income of a Sheffield resident is $26,995 a year. The US average is $37,638 a year.
- The Median household income of a Sheffield resident is $55,494 a year. The US average is $69,021 a year.