Zip 51639 (Farragut, IA) Economy


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United States / Iowa / No Metro Area / Fremont County / Farragut / Farragut (zip 51639)
51639 Farragut, IA is a small and very affordable city located in the southwest corner of Iowa. This rural town has a population of about 1,000 people and offers a number of advantages for those looking to take advantage of its low cost of living. The average two bedroom rent in Farragut, IA is only $820 compared to the US average of $1,430 making it an ideal place to live for anyone looking to save money on rent. Additionally, grocery costs in Farragut are 93 versus 100 in the US which makes it an ideal spot for families trying to stretch their budget further.
Farragut also offers many amenities for residents such as restaurants like Deja Vu Bar & Grill and Driftwood Family Dining; local stores like Williams Country Store and O'Brien County Implement; parks such as Perry Creek Park; and other areas such as Silver Lake Golf Course and the Lakeside Casino & Lodge which offer great recreational opportunities. With its low cost of living, friendly community, and convenient location near larger cities like Des Moines or Omaha, 51639 Farragut definitely deserves a look if you're searching for a new home!

Farragut (zip 51639) has an unemployment rate of 2.5%. The US average is 6.0%.

Farragut (zip 51639) has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 11.0%, which is lower than the US average of 33.5%.

Tax Rates for Farragut (zip 51639)
- The Sales Tax Rate for Farragut (zip 51639) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Farragut (zip 51639) is 9.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Farragut (zip 51639)
- The average income of a Farragut (zip 51639) resident is $35,706 a year. The US average is $28,555 a year.
- The Median household income of a Farragut (zip 51639) resident is $76,071 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFarragut, IowaUnited States
  2.56
  -1.4%-6.2%
  11.0%33.5%
  7.0%6.2%
  7.5%4.6%
  $39,441$37,638
  $76,071$69,021
  $86,538$85,028
  Population by Occupation
  15.0%1.2%
  0.0%0.5%
  7.6%6.8%
  15.0%10.0%
  0.7%2.5%
  6.0%11.0%
  7.4%4.8%
  1.2%0.8%
  0.0%1.9%
  3.3%4.7%
  1.9%1.9%
  3.1%7.6%
  0.0%0.1%
  1.4%4.2%
  2.1%9.3%
  21.4%14.0%
  0.2%2.1%
  2.4%7.0%
  2.6%4.8%
  8.6%4.7%
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