Walcott, IA is a small city located in Scott County with many local businesses. Some of the most well known companies in the area include Walcott True Value Hardware, Walcott Lumber & Feed, and Sunnyside Greenhouse. The affordability of the area is quite attractive as 2 bedroom rents are only $800 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Walcott is 98 versus 100 in the US which makes groceries very cost-effective here. Overall, living expenses are relatively low compared to other areas making it an ideal location for those on a budget.
Walcott has an unemployment rate of 5.4%. The US average is 6.0%.
Walcott has seen the job market decrease by -7.8% over the last year. Future job growth over the next ten years is predicted to be 27.6%, which is lower than the US average of 33.5%.
Tax Rates for Walcott
- The Sales Tax Rate for Walcott is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Walcott 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 Walcott
- The average income of a Walcott resident is $30,123 a year. The US average is $37,638 a year.
- The Median household income of a Walcott resident is $68,315 a year. The US average is $69,021 a year.