Sheldon, IA is a small town located in Northwest Iowa with a population of around 4,750 people. It has a low cost of living compared to the rest of the US, with 2 bedroom rent costing $850 compared to $1,430 nationally. It also has a relatively low Grocery Cost Index of 96 compared to 100 nationally. The local economy is largely based on services and agriculture, and there are many businesses situated within the town such as Baxter Retail Solutions Inc., Universal Co-Operative Inc., and Getz Fire Equipment LLC. Sheldon offers an affordable lifestyle where basic necessities like food and shelter can be obtained for far less than the national average.
Sheldon has an unemployment rate of 3.3%. The US average is 6.0%.
Sheldon has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 18.5%, which is lower than the US average of 33.5%.
Tax Rates for Sheldon
- The Sales Tax Rate for Sheldon is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Sheldon 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 Sheldon
- The average income of a Sheldon resident is $32,346 a year. The US average is $28,555 a year.
- The Median household income of a Sheldon resident is $61,369 a year. The US average is $69,021 a year.