Grinnell, IA is a small town of about 9,000 people in the heart of Iowa. It is known for its quaint downtown and historic buildings. The cost of living in Grinnell is quite low with a 2 bedroom rent being only $920 compared to the US average of $1,430. The Grocery Cost Index in Grinnell is 96 compared to 100 in the US. This makes it an attractive choice for those looking for an affordable yet comfortable place to live. In terms of employment opportunities, Grinnell has a variety of local companies such as Hy-Vee Food Stores, Klink Trucking, A-Rite Electric Motors, Dairy Queen and Nylen Construction Co that provide jobs.
Grinnell (zip 50112) has an unemployment rate of 4.7%. The US average is 6.0%.
Grinnell (zip 50112) has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 21.4%, which is lower than the US average of 33.5%.
Tax Rates for Grinnell (zip 50112)
- The Sales Tax Rate for Grinnell (zip 50112) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Grinnell (zip 50112) 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 Grinnell (zip 50112)
- The average income of a Grinnell (zip 50112) resident is $26,154 a year. The US average is $28,555 a year.
- The Median household income of a Grinnell (zip 50112) resident is $56,302 a year. The US average is $69,021 a year.