Weldon, IA is a small city located in the state of Iowa. It has a population of around 5,000 and is known for its affordable housing options. The average rent for a two bedroom apartment in Weldon is $840 per month, which is significantly lower than the national average of $1,430. Additionally, the cost of groceries in Weldon is 92% of the national index, making it an ideal location for those looking to save money on housing and living costs.
The local economy in Weldon revolves around agriculture and manufacturing. Local companies include Weldon Grain Co., which provides produce and grains to area residents; West & Associates Manufacturing Inc., which specializes in custom machine fabrication; and Wagon Wheel Meats LLC, a local butcher shop that specializes in quality meats.
Weldon has an unemployment rate of 3.2%. The US average is 6.0%.
Weldon has seen the job market decrease by -4.9% over the last year. Future job growth over the next ten years is predicted to be 25.9%, which is lower than the US average of 33.5%.
Tax Rates for Weldon
- The Sales Tax Rate for Weldon is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Weldon 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 Weldon
- The average income of a Weldon resident is $16,650 a year. The US average is $37,638 a year.
- The Median household income of a Weldon resident is $33,269 a year. The US average is $69,021 a year.