Volga, IA is a small town located on the west side of the state of Iowa. It has a population of roughly 600 people and is known for its strong sense of community. The cost of living in Volga is quite low, with a two bedroom rental costing only $770 compared to the US average of $1,430. Food costs are also lower than average, with an index score of 93 versus 100 in the US. Local businesses in Volga include Frazee Family Farms, which sells eggs, pork and beef products; D&D Superstore which provides general merchandise including groceries and hardware; and NAPA Auto Parts which can provide parts for any auto repair needs. With lower costs than many towns in the US, Volga offers an excellent quality-of-life option for those looking to settle down at an affordable rate.
Volga has an unemployment rate of 6.6%. The US average is 6.0%.
Volga has seen the job market decrease by -7.4% over the last year. Future job growth over the next ten years is predicted to be 23.4%, which is lower than the US average of 33.5%.
Tax Rates for Volga
- The Sales Tax Rate for Volga is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Volga 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 Volga
- The average income of a Volga resident is $33,299 a year. The US average is $37,638 a year.
- The Median household income of a Volga resident is $57,083 a year. The US average is $69,021 a year.