Iola, TX is a small town located in Grimes County with a population of 77861. It's a great place to live due to the low cost of living, with 2 bedroom rents being just $900 compared to the national average of $1,430. Grocery costs are also lower than national averages, with an index score of 96 versus 100 in the US. Iola has plenty to offer its residents too. The city boasts several local businesses and services such as Iola Floral Design, La Fiesta Mexican Restaurant and Iola Swimming Pool & Spa. It also has some excellent educational options with Iola ISD having four elementary schools, one middle school and one high school.
Iola (zip 77861) has an unemployment rate of 8.0%. The US average is 6.0%.
Iola (zip 77861) has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 14.4%, which is lower than the US average of 33.5%.
Tax Rates for Iola (zip 77861)
- The Sales Tax Rate for Iola (zip 77861) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Iola (zip 77861) is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Iola (zip 77861)
- The average income of a Iola (zip 77861) resident is $27,956 a year. The US average is $28,555 a year.
- The Median household income of a Iola (zip 77861) resident is $66,453 a year. The US average is $69,021 a year.