Iowa City, IA Metro Area is a vibrant and affordable city with many attractions. The average two bedroom rent in this area is $1,100 which is significantly cheaper than the US average of $1,430. Additionally, the Grocery Cost Index in this area is 98 versus 100 in the US. Iowa City offers a wide variety of businesses for those considering relocating here. Major employers in this area include Procter & Gamble, Rockwell Collins, University of Iowa Hospitals & Clinics, and ACT. There are also plenty of small local businesses such as Zephyr Printing Company, Raining Rose Inc., Table Top Media Group LLC, and Paper Chase Press that offer goods and services to those living in the area.
Iowa City Metro Area has an unemployment rate of 3.8%. The US average is 6.0%.
Iowa City Metro Area has seen the job market decrease by -6.9% over the last year. Future job growth over the next ten years is predicted to be 31.5%, which is lower than the US average of 33.5%.
Tax Rates for Iowa City Metro Area
- The Sales Tax Rate for Iowa City Metro Area is 6.2%. The US average is 7.3%.
- The Income Tax Rate for Iowa City Metro Area 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 Iowa City Metro Area
- The average income of a Iowa City Metro Area resident is $38,007 a year. The US average is $37,638 a year.
- The Median household income of a Iowa City Metro Area resident is $67,357 a year. The US average is $69,021 a year.