Modale, IA is an ideal location to settle down with its affordable housing and low cost of living. The median 2 bedroom rent in Modale is just $1,080 compared to the US average of $1,430, making it a great option for anyone on a budget. The Grocery Cost Index is also lower than the national average, sitting at 95 versus 100 in the US.
Many local businesses like Modale Auto Service and Modale Farm Supply have established themselves within the city providing quality services to their customers. Modale Auto service offers a wide range of repair services from oil changes and brake repairs to tires and transmission repairs while Modale Farm Supply provides farming supplies such as parts, tools, fertilizer, herbicides and more. These local businesses have offered an added level of convenience for those residing in the city by providing them with necessary goods and services at competitive prices.
Modale has an unemployment rate of 3.9%. The US average is 6.0%.
Modale has seen the job market decrease by -5.7% over the last year. Future job growth over the next ten years is predicted to be 24.9%, which is lower than the US average of 33.5%.
Tax Rates for Modale
- The Sales Tax Rate for Modale is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Modale 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 Modale
- The average income of a Modale resident is $31,310 a year. The US average is $37,638 a year.
- The Median household income of a Modale resident is $50,536 a year. The US average is $69,021 a year.