Swea City, IA is a small city located in Kossuth County with an estimated population of 841 people. The cost of living is relatively low in Swea City, as 2 bedroom rent can be found for $710 which is significantly less than the US average of $1,430. Additionally, the Grocery Cost Index in Swea City is 90 versus 100 in the US. Here, residents can shop at local stores like J & L Grocery and Swea City SuperValu as well as dine at restaurants such as Sandy's Cafe and Taco Burrito King. There are also several services available including State Farm Insurance Agency and First Iowa State Bank. With its affordable cost of living and local businesses, Swea City makes an ideal location for those looking for a small town place to live.
Swea City has an unemployment rate of 3.5%. The US average is 6.0%.
Swea City has seen the job market decrease by -1.7% over the last year. Future job growth over the next ten years is predicted to be 22.2%, which is lower than the US average of 33.5%.
Tax Rates for Swea City
- The Sales Tax Rate for Swea City is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Swea 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 Swea City
- The average income of a Swea City resident is $22,038 a year. The US average is $28,555 a year.
- The Median household income of a Swea City resident is $43,633 a year. The US average is $69,021 a year.