West Chester, IA Economy


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West Chester, IA is a quiet small town located in Iowa. With a population of 2,700 people it is the perfect place to settle down and raise a family. It offers an array of local businesses such as K&M Cafe, The Spot Bar & Grill, and RadioShack. Compared to the US average rent for a two bedroom apartment is $1,430, West Chester’s two bedroom rent at $880 making it an affordable place to live. West Chester also offers groceries and other amenities that are much cheaper than the US national average. The Grocery Cost Index in West Chester is 92 compared to 100 in the US which makes daily living costs much more affordable for families residing in this area.

West Chester has an unemployment rate of 4.2%. The US average is 6.0%.

West Chester has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 27.3%, which is lower than the US average of 33.5%.

Tax Rates for West Chester
- The Sales Tax Rate for West Chester is 7.0%. The US average is 7.3%.
- The Income Tax Rate for West Chester 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 West Chester
- The average income of a West Chester resident is $23,246 a year. The US average is $28,555 a year.
- The Median household income of a West Chester resident is $51,250 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWest Chester, IowaUnited States
  4.26
  -6.8%-6.2%
  27.3%33.5%
  7.0%6.2%
  7.4%4.6%
  $18,530$37,638
  $51,250$69,021
  $50,000$85,028
  Population by Occupation
  7.3%1.2%
  0.0%0.5%
  0.0%6.8%
  20.0%10.0%
  3.6%2.5%
  7.3%11.0%
  18.2%4.8%
  0.0%0.8%
  0.0%1.9%
  3.6%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  1.8%9.3%
  32.7%14.0%
  1.8%2.1%
  0.0%7.0%
  3.6%4.8%
  0.0%4.7%
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