Story City, IA is a small but vibrant town located in central Iowa. It has a strong community spirit, excellent educational facilities and plenty of amenities to keep residents entertained. The average rent for a two bedroom apartment in Story City is $870 per month, significantly lower than the national average of $1,430. Additionally, the Grocery Cost Index shows that Story City's cost index is 97 compared to 100 for the rest of the United States. The low price of rent and groceries make it an attractive place for people looking to cut costs while still enjoying a good quality of life.
Story City is home to many local companies including Hy-Vee Grocery Store, Great Western Bank, Story Theatre Company and Bickel Manufacturing Incorporated. All these companies have been positive contributors to the local economy over many years. It is easy to understand why people are so fond of living in Story City given its relatively low cost of living when compared with other places in the US.
Story City has an unemployment rate of 3.0%. The US average is 6.0%.
Story City has seen the job market decrease by -5.8% over the last year. Future job growth over the next ten years is predicted to be 32.5%, which is lower than the US average of 33.5%.
Tax Rates for Story City
- The Sales Tax Rate for Story City is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Story City 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 Story City
- The average income of a Story City resident is $32,495 a year. The US average is $37,638 a year.
- The Median household income of a Story City resident is $61,948 a year. The US average is $69,021 a year.