Iberia, OH is a small town with plenty of things to do for everyone. It boasts a great variety of restaurants, shops, bars and activities. The cost of living is lower in Iberia, OH compared to other parts of the United States. For instance, the median rent for a two bedroom apartment is $920 compared to the nationwide average of $1,430. The Grocery Cost Index in Iberia, OH is 94 versus 100 in the US making it 6% cheaper than elsewhere. There are several well known companies located in Iberia such as AutoZone, Domino’s Pizza and Popeye’s Louisiana Kitchen which offer employment opportunities for locals. All this makes Iberia an attractive place to live due its low cost of living and vibrant atmosphere.
Iberia has an unemployment rate of 4.1%. The US average is 6.0%.
Iberia has seen the job market decrease by -3.3% over the last year. Future job growth over the next ten years is predicted to be 29.4%, which is lower than the US average of 33.5%.
Tax Rates for Iberia
- The Sales Tax Rate for Iberia is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Iberia is 3.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Iberia
- The average income of a Iberia resident is $27,006 a year. The US average is $37,638 a year.
- The Median household income of a Iberia resident is $0 a year. The US average is $69,021 a year.