Iago, Texas is a quaint town located in the heart of the Lone Star State. It has plenty to offer those who visit or call this town home. With a cost of living that is 6% lower than the national average, Iago offers an affordable option for individuals and families looking to relocate. The average two bedroom rent in Iago is $1,530 compared to the US average of $1,430. Moreover, grocery costs index in Iago is 94 versus 100 in the US.
The small town charm of Iago makes it an inviting place to live with plenty of local businesses that serve as cornerstones for the community. These include The Lost Cajun Restaurant for comfort food and catering services, Toe To Heel for shoe repair services, and M&M Appliance Repair for all your appliance needs. Those visiting Iago also have plenty to see including Eleazar Park which features a playground and trails ideal for outdoor recreation and relaxation. There’s also city-wide events like Bluesfest which attract people from all over Texas each year. All these amenities make Iago an ideal place to live and visit.
Iago has an unemployment rate of 7.1%. The US average is 6.0%.
Iago has seen the job market decrease by -4.8% over the last year. Future job growth over the next ten years is predicted to be 26.6%, which is lower than the US average of 33.5%.
Tax Rates for Iago
- The Sales Tax Rate for Iago is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Iago is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Iago
- The average income of a Iago resident is $30,441 a year. The US average is $37,638 a year.
- The Median household income of a Iago resident is $0 a year. The US average is $69,021 a year.