Traer, Iowa is a small town located in Tama County with a population of around 1,320 people. The 2-bedroom rent in Traer is $1,030, which is lower than the US average of $1,430. In terms of grocery costs, the index in Traer stands at 95 while the national average is 100. This makes living in Traer an affordable option for those looking to settle down in a rural atmosphere.
The city has many small businesses that make it unique and vibrant; these include M & M Country Store-an old school hardware store; Brown’s SuperValue Grocery Store – for all your grocery needs; and Koob's Pharmacy – which offers a wide variety of medicines and convenience items. The nearby city of Waterloo also provides more job opportunities while remaining close enough to be convenient for residents of Traer. In addition to these businesses, there are plenty of recreational activities nearby like hiking at Ledges State Park or hunting grounds at Otter Creek Wildlife Area making it an ideal spot for outdoor enthusiasts.
Traer (zip 50675) has an unemployment rate of 5.4%. The US average is 6.0%.
Traer (zip 50675) 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 Traer (zip 50675)
- The Sales Tax Rate for Traer (zip 50675) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Traer (zip 50675) 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 Traer (zip 50675)
- The average income of a Traer (zip 50675) resident is $29,379 a year. The US average is $28,555 a year.
- The Median household income of a Traer (zip 50675) resident is $68,875 a year. The US average is $69,021 a year.