Waucoma, IA is a vibrant small town located in the Midwest with a population of 844. With affordable living costs, the median rent for two bedroom apartments is $850 compared to the US average of $1,430. Additionally, groceries are cheaper than other parts of the country as the Grocery Cost Index in Waucoma is 96 versus 100 in the US. This makes it an ideal place for families and young couples looking to save money without sacrificing quality of life. The area offers great outdoor and recreational activities since it is situated near several parks and hiking trails along the Cedar River. Other local attractions include Sugar Creek Winery, Shimek State Forest, and Wapsipinicon Mill & Museum. There are also several family-owned businesses that have been in operation for generations such as Waucoma Meats & Deli, Schneiders Feed Store, Benschoter’s Hardware Store, and Boos Plumbing & Heating Inc.
Waucoma has an unemployment rate of 5.1%. The US average is 6.0%.
Waucoma has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 18.4%, which is lower than the US average of 33.5%.
Tax Rates for Waucoma
- The Sales Tax Rate for Waucoma is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Waucoma 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 Waucoma
- The average income of a Waucoma resident is $23,694 a year. The US average is $28,555 a year.
- The Median household income of a Waucoma resident is $64,000 a year. The US average is $69,021 a year.