Iowa State is an area with a relatively low cost of living, making it a great place to live for those on a budget. Average rent for two bedrooms in Iowa State is $930, as compared to the US average of $1,430. Additionally, the Grocery Cost Index in Iowa State is 94 versus the US Index of 100. Because of these factors, residents in Iowa State have more money to spend on other activities and necessities. There are many local businesses providing goods and services throughout the state such as Hy-Vee Grocery Stores, Wells Fargo Banks and Kum & Go convenience stores. There are also unique attractions for tourists visiting the area including Adventureland amusement park, Blank Park Zoo and Living History Farms Museum. Whatever your interests may be, there is something to do in Iowa State!
Iowa has an unemployment rate of 4.4%. The US average is 6.0%.
Iowa has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Iowa
- The Sales Tax Rate for Iowa is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Iowa 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
- The average income of a Iowa resident is $27,621 a year. The US average is $28,555 a year.
- The Median household income of a Iowa resident is $65,429 a year. The US average is $69,021 a year.