Letts, IA is a small town located in Louisa County with a population of approximately 266 people. It is known for its tranquil atmosphere and friendly locals. The cost of living in Letts is quite low compared to the US average. For example, rent for a two bedroom apartment averages at around $850 in Letts while it costs $1,430 across the entire United States. Additionally, grocery costs are also lower as the Grocery Cost Index in Letts is 97 as compared to 100 in the US.
Some local companies that have helped shape the economy of Letts are The Big Barn Flea Market, Brandt Motors Inc., and S & R Feeds LLC. These companies offer various services from vehicle maintenance and repairs to flea market shopping and pet feed supplies. With such an affordable cost of living, Letts is an ideal place to live and work with great local businesses contributing to its growth.
Letts has an unemployment rate of 4.6%. The US average is 6.0%.
Letts has seen the job market decrease by -5.1% over the last year. Future job growth over the next ten years is predicted to be 28.2%, which is lower than the US average of 33.5%.
Tax Rates for Letts
- The Sales Tax Rate for Letts is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Letts is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing 黑料社区.
Income and Salaries for Letts
- The average income of a Letts resident is $28,201 a year. The US average is $37,638 a year.
- The Median household income of a Letts resident is $65,357 a year. The US average is $69,021 a year.