Union, IA Economy


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United States / Iowa / No Metro Area / Hardin County / Union / Zip Codes
Union, IA is a quaint town located in Johnson County. It is known for its close-knit community and small-town charm. The cost of living in Union is quite low, with a 2 bedroom apartment renting for $800 per month, and a grocery cost index of 92 compared to the US average of 100. This makes it an ideal location for those who are looking to save money without sacrificing quality of life. Union has many local businesses and companies that make it an attractive place to live, such as Tom's Hardware Store, Kotecki's Bakery, and Uptown Diner. These local stores give Union a unique flavor that helps create the town's atmosphere.

Union has an unemployment rate of 4.5%. The US average is 6.0%.

Union has seen the job market decrease by -6.7% over the last year. Future job growth over the next ten years is predicted to be 16.2%, which is lower than the US average of 33.5%.

Tax Rates for Union
- The Sales Tax Rate for Union is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Union 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 Union
- The average income of a Union resident is $30,964 a year. The US average is $37,638 a year.
- The Median household income of a Union resident is $49,583 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyUnion, IowaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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