Iola, TX is a small town located in Grimes County. The average rent for a two bedroom apartment is about $870, which is significantly cheaper than the national average of $1,430. Additionally, the cost of groceries in Iola is also lower than the US’s index at 96 versus 100. There are several local businesses that make up the community including Iola’s Auto Repair, Brown’s Grocery Store, and Iola’s Hardwood Flooring. Nearby towns and cities include Navasota, TX; Anderson, TX; Conroe TX; Madisonville, TX; and Crockett, TX.
Iola has an unemployment rate of 8.0%. The US average is 6.0%.
Iola has seen the job market decrease by -5.7% over the last year. Future job growth over the next ten years is predicted to be 14.4%, which is lower than the US average of 33.5%.
Tax Rates for Iola
- The Sales Tax Rate for Iola is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Iola 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 Iola
- The average income of a Iola resident is $28,473 a year. The US average is $37,638 a year.
- The Median household income of a Iola resident is $52,813 a year. The US average is $69,021 a year.