Tennant, IA is a small town located in Iowa with a population of 1,000 people. This rural town has a relatively low cost of living when compared to the US at large. The average rent for a two bedroom apartment is $800, which is less than half the national average of $1,430. Additionally, the grocery cost index in Tennant is only 95 compared to 100 nationally.
Tennant boasts plenty of local companies such as Fair Grove Farms and Blum & Mohns Convenience Store. They also have many attractions for visitors and locals alike such as historic sites like the Herber House Museum and recreational activities like camping at Lake View Park.
Tennant has an unemployment rate of 3.5%. The US average is 6.0%.
Tennant has seen the job market decrease by -7.6% over the last year. Future job growth over the next ten years is predicted to be 16.4%, which is lower than the US average of 33.5%.
Tax Rates for Tennant
- The Sales Tax Rate for Tennant is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Tennant 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 Tennant
- The average income of a Tennant resident is $26,774 a year. The US average is $37,638 a year.
- The Median household income of a Tennant resident is $43,750 a year. The US average is $69,021 a year.