Superior, IA Economy


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Superior, IA is a small city located in central Iowa with an estimated population of 779. It is known for its low living costs which include a 2 bedroom rent of $940, compared to the US average of $1,430. Additionally, the grocery cost index in Superior is 92 while the national average is 100. There are plenty of local businesses that contribute to the lively community such as Superior Place Apartments and The General Store. Superior Place Apartments offer affordable housing with many amenities included and The General Store provides locally sourced products from nearby farms along with convenience goods.

Superior has an unemployment rate of 4.9%. The US average is 6.0%.

Superior has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 26.4%, which is lower than the US average of 33.5%.

Tax Rates for Superior
- The Sales Tax Rate for Superior is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Superior 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 Superior
- The average income of a Superior resident is $24,759 a year. The US average is $28,555 a year.
- The Median household income of a Superior resident is $52,708 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySuperior, IowaUnited States
  4.96
  -6.3%-6.2%
  26.4%33.5%
  7.0%6.2%
  7.4%4.6%
  $20,698$37,638
  $52,708$69,021
  $53,542$85,028
  Population by Occupation
  2.2%1.2%
  0.0%0.5%
  11.1%6.8%
  30.0%10.0%
  2.2%2.5%
  20.0%11.0%
  6.7%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  8.9%4.2%
  0.0%9.3%
  11.1%14.0%
  0.0%2.1%
  3.3%7.0%
  4.4%4.8%
  0.0%4.7%
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