Stanwood, IA is a great place to live as it offers affordable rent and living costs. The average cost of a two bedroom rental in Stanwood is $870 which is significantly cheaper than the US average of $1,430. Groceries are also inexpensive with the grocery cost index in Stanwood being 93 versus 100 in the US. There are many local companies that make up the economic backbone of Stanwood such as Stanwood Machine Works, E&L Farm Co-op, and C&R Farms. These businesses provide employment opportunities and support the local economy.
Stanwood has an unemployment rate of 4.1%. The US average is 6.0%.
Stanwood has seen the job market decrease by -7.1% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Stanwood
- The Sales Tax Rate for Stanwood is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Stanwood 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 Stanwood
- The average income of a Stanwood resident is $28,514 a year. The US average is $37,638 a year.
- The Median household income of a Stanwood resident is $53,036 a year. The US average is $69,021 a year.