Woodburn, IA is a small town with a population of around 700 people. It is located in Marion County and known for its historic buildings, friendly locals, and low cost of living. Rent for a two bedroom apartment is typically around $910 per month, significantly lower than the national average of $1,430. Additionally, the grocery cost index in Woodburn is 95 versus 100 in the US. This means that groceries are slightly cheaper than the rest of the country when shopping in Woodburn. Popular local businesses include Henry's Bakery & Cafe, Carpet Warehouse Outlet, and Driscoll Tax Service. Residents appreciate the small-town atmosphere that Woodburn offers as well as its more affordable prices compared to larger cities nationwide.
Woodburn has an unemployment rate of 4.8%. The US average is 6.0%.
Woodburn has seen the job market decrease by -6.1% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Woodburn
- The Sales Tax Rate for Woodburn is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Woodburn 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 Woodburn
- The average income of a Woodburn resident is $22,970 a year. The US average is $37,638 a year.
- The Median household income of a Woodburn resident is $39,722 a year. The US average is $69,021 a year.