Winterset, IA is a small city situated in Madison County. It is home to some of the most renowned attractions such as John Wayne Birthplace Museum, The Bridges of Madison County, and Winterset City Park. With its beautiful scenery and vibrant culture, Winterset has become a popular tourist destination. The local economy is mainly driven by farming and agricultural activities along with some private businesses like Bank Iowa, Green Valley Co-Op & Grain, Heartland Co-op, and Winterset Agri-Services. Residents benefit from a low cost of living when compared to the US average. For instance, the 2 bedroom rent in Winterset is almost $370 cheaper than the national rate. Similarly, the grocery cost index is 97 versus 100 in the US.
Winterset has an unemployment rate of 5.0%. The US average is 6.0%.
Winterset has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 32.1%, which is lower than the US average of 33.5%.
Tax Rates for Winterset
- The Sales Tax Rate for Winterset is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Winterset 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 Winterset
- The average income of a Winterset resident is $21,679 a year. The US average is $28,555 a year.
- The Median household income of a Winterset resident is $62,382 a year. The US average is $69,021 a year.