Boone, IA is a great place to live with many affordable housing options and an excellent grocery cost index. On average, 2 bedroom rent in Boone is $870 a month compared to the US average of $1,430. The grocery cost index in Boone is 95 versus 100 in the US, making it a great value for those looking to move there. There are many local companies in the area that offer various services and products. Companies such as Hy-Vee grocery store, Fareway Stores Inc., B&B Appliances, and Boone Health Care Center provide groceries, appliances, health care services and more. All these companies have been helping residents with their daily needs for decades.
Boone has an unemployment rate of 3.6%. The US average is 6.0%.
Boone has seen the job market decrease by -5.8% over the last year. Future job growth over the next ten years is predicted to be 21.1%, which is lower than the US average of 33.5%.
Tax Rates for Boone
- The Sales Tax Rate for Boone is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Boone 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 Boone
- The average income of a Boone resident is $32,273 a year. The US average is $37,638 a year.
- The Median household income of a Boone resident is $61,997 a year. The US average is $69,021 a year.