Winthrop, IA is a small town with a population of less than 1,000 people. The city offers many amenities such as great schools, local parks and shopping centers. It also has a low crime rate and is an affordable place to live. Rent for a two bedroom apartment in Winthrop is just $870 per month which is much lower than the US average of $1,430. Groceries here are also more affordable with a grocery cost index of 94 compared to 100 in the US on average. Some of the local companies that can be found in Winthrop include Smith's Hardware Store, Sanders Electric Company and Joe's Auto Repair Shop. Overall, there are many benefits to living in Winthrop such as its affordability, small-town charm and proximity to larger cities like Iowa City and Cedar Rapids.
Winthrop has an unemployment rate of 4.2%. The US average is 6.0%.
Winthrop has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 23.6%, which is lower than the US average of 33.5%.
Tax Rates for Winthrop
- The Sales Tax Rate for Winthrop is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Winthrop 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 Winthrop
- The average income of a Winthrop resident is $24,971 a year. The US average is $28,555 a year.
- The Median household income of a Winthrop resident is $63,438 a year. The US average is $69,021 a year.