Yale, IA is a small city with a population of about 700 people. It is located in western Iowa and is known for its rural atmosphere. The 2 bedroom rent in Yale is $850, which is significantly lower than the US average of $1,430. Additionally, the grocery cost index in Yale is 93 compared to 100 in the US.
The city offers a variety of local businesses such as JPI Farms- a family owned farm which sells home grown fruits and vegetables, Wrenshall's General Store - which offers hardware needs and clothing items, and Skiff Medical Center- offering health care services to the community.
In terms of 3 bedroom rentals, these can range from around $800-$1200 per month in Yale depending on the size of the home and locale. On average, expect that 3 bedroom rent will be around $950 per month in this area.
Yale has an unemployment rate of 4.4%. The US average is 6.0%.
Yale has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Yale
- The Sales Tax Rate for Yale is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Yale 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 Yale
- The average income of a Yale resident is $21,443 a year. The US average is $28,555 a year.
- The Median household income of a Yale resident is $58,750 a year. The US average is $69,021 a year.