Cresco, IA is a small city located in the northeastern state of Iowa. It is known for its rural landscape and friendly community. The city has a population of about 4,000 people and offers a variety of amenities to its residents. Local businesses in the area include Cresco Community Grocery Store, Trimark Clothing Co., Dings & Doodles Gifts, and Manacake Bakery Cafe. The cost of living is relatively low compared to other cities in Iowa with 2 bedroom rent averaging at $790 versus the US average of $1,430. Additionally, Cresco's grocery cost index is 95 which is lower than the national average of 100.
Cresco has an unemployment rate of 4.8%. The US average is 6.0%.
Cresco has seen the job market decrease by -4.5% over the last year. Future job growth over the next ten years is predicted to be 16.2%, which is lower than the US average of 33.5%.
Tax Rates for Cresco
- The Sales Tax Rate for Cresco is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Cresco 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 Cresco
- The average income of a Cresco resident is $27,423 a year. The US average is $37,638 a year.
- The Median household income of a Cresco resident is $56,741 a year. The US average is $69,021 a year.