Montour, IA (population 50173) is an affordable area for those looking to rent a two bedroom. The average rent in Montour is $840, which is significantly lower than the US average of $1,430. Similarly, the Grocery Cost Index in Montour is 96 versus the national average of 100.
The local economy of Montour is mainly supported by CSR Grain Inc., Cargill Feed & Nutrition, and J&P Agri Services. CSR Grain Inc. provides grain storage services and crop marketing solutions. Cargill Feed & Nutrition produces quality animal feed for local livestock farmers. J&P Agri Services offers precision farming solutions that include planting and harvesting advice, soil fertility analysis and more. There are also many small business owners and entrepreneurs who add to the economic vitality of the community.
Montour (zip 50173) has an unemployment rate of 5.4%. The US average is 6.0%.
Montour (zip 50173) 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 28.4%, which is lower than the US average of 33.5%.
Tax Rates for Montour (zip 50173)
- The Sales Tax Rate for Montour (zip 50173) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Montour (zip 50173) 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 Montour (zip 50173)
- The average income of a Montour (zip 50173) resident is $29,257 a year. The US average is $28,555 a year.
- The Median household income of a Montour (zip 50173) resident is $51,250 a year. The US average is $69,021 a year.