Storm Lake, IA is a vibrant city located in Buena Vista County, offering various local businesses and attractions. The city is known for its diverse culture and strong sense of community. In Storm Lake, IA the average rent for two bedroom apartments is $790, which is significantly less than the US average of $1,430. This makes it an affordable option for families or individuals looking to move to the area. Additionally, the grocery cost index in Storm Lake is 95 compared to 100 in the US, making it a great place to save money on food expenses. There are many local companies such as Wiese Manufacturing Co., M-Power Electric Cooperative, and The Citizens State Bank that are popular amongst residents and visitors alike.
Storm Lake has an unemployment rate of 3.0%. The US average is 6.0%.
Storm Lake has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 28.3%, which is lower than the US average of 33.5%.
Tax Rates for Storm Lake
- The Sales Tax Rate for Storm Lake is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Storm Lake 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 Storm Lake
- The average income of a Storm Lake resident is $19,660 a year. The US average is $28,555 a year.
- The Median household income of a Storm Lake resident is $49,375 a year. The US average is $69,021 a year.