Spring Hill, IA is a small town located in the state of Iowa. It is known for its rural landscape, family-friendly atmosphere, and low cost of living. The average 2 bedroom rent in Spring Hill is $940 compared to the national average of $1,430. Additionally, the Grocery Cost Index in Spring Hill is 99 compared to 100 in the US as a whole, showing that groceries cost slightly less than they do nationwide.
The local economy is mainly supported by businesses such as Haines Funeral Home, Henkel Construction Company, Tom's Automotive Repair Center, and Brayton Energy LLC. These companies are vital to the community's growth and prosperity. With relatively lower living costs than elsewhere in the country yet plenty of employment opportunities at local companies like these, Spring Hill offers an ideal balance between affordability and economic security.
Spring Hill has an unemployment rate of 4.0%. The US average is 6.0%.
Spring Hill has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 37.7%, which is higher than the US average of 33.5%.
Tax Rates for Spring Hill
- The Sales Tax Rate for Spring Hill is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Spring Hill 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 Spring Hill
- The average income of a Spring Hill resident is $24,733 a year. The US average is $28,555 a year.
- The Median household income of a Spring Hill resident is $87,500 a year. The US average is $69,021 a year.