Vinton, IA is a small town located in Benton County with an estimated population of 5,255. Despite its small size, the town is home to many businesses such as Lumberland Supply Co., Black Hawk Supply Co., Vinton Books & News, and Wilke's Hilltop Bar & Grill. The 2 bedroom rent in Vinton averages $870 which is significantly lower than the US average rent for 2 bedrooms at $1,430. The Grocery Cost Index in Vinton is 95 compared to the US average of 100; this shows that the cost of living in Vinton is relatively low. Therefore, it can be concluded that Vinton is an affordable place to live with many businesses available to locals.
Vinton has an unemployment rate of 5.0%. The US average is 6.0%.
Vinton has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 24.0%, which is lower than the US average of 33.5%.
Tax Rates for Vinton
- The Sales Tax Rate for Vinton is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Vinton 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 Vinton
- The average income of a Vinton resident is $25,212 a year. The US average is $28,555 a year.
- The Median household income of a Vinton resident is $57,500 a year. The US average is $69,021 a year.