Marshalltown, IA Metro Area is a great place to live with lots of local businesses and amenities. The area is very affordable; rent for a two bedroom is $840 compared to the US average of $1,430. Grocery costs in Marshalltown are even cheaper than the national average, with an index of 93 versus 100 in the US. Many businesses call Marshalltown home including Fisher Controls International LLC., Iowa Valley Community College District, Kwik Star Convenience Stores, and ISU Extension & Outreach. These companies provide employment opportunities for many locals and help keep the cost of living low in this metro area.
Marshalltown Metro Area has an unemployment rate of 7.8%. The US average is 6.0%.
Marshalltown Metro Area has seen the job market decrease by -5.9% over the last year. Future job growth over the next ten years is predicted to be 10.3%, which is lower than the US average of 33.5%.
Tax Rates for Marshalltown Metro Area
- The Sales Tax Rate for Marshalltown Metro Area is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Marshalltown 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 Marshalltown Metro Area
- The average income of a Marshalltown Metro Area resident is $29,432 a year. The US average is $37,638 a year.
- The Median household income of a Marshalltown Metro Area resident is $63,591 a year. The US average is $69,021 a year.