Springbrook, IA is a small town in the Midwest with a population of around 4,000 people. It has an affordable cost of living: the median price for 2 bedroom rent is $770 compared to the national average of $1,430. Additionally, the grocery cost index in Springbrook is 98 versus 100 in the US. This makes it especially attractive to those looking for an inexpensive place to live. Local companies include Centerville Lumber, which provides lumber and building supplies; Floyd Valley Healthcare, which offers medical care; and Springbrook Country Store, which provides groceries and household items at lower prices than most other stores in town. All these factors make Springbrook an ideal place to settle down for its low cost of living.
Springbrook has an unemployment rate of 5.8%. The US average is 6.0%.
Springbrook has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 22.6%, which is lower than the US average of 33.5%.
Tax Rates for Springbrook
- The Sales Tax Rate for Springbrook is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Springbrook 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 Springbrook
- The average income of a Springbrook resident is $30,372 a year. The US average is $28,555 a year.
- The Median household income of a Springbrook resident is $73,750 a year. The US average is $69,021 a year.