Zip 50002 (Adair, IA) Economy


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United States / Iowa / No Metro Area / Adair County / Adair / Adair (zip 50002)
50002 Adair, IA is a small town located in the western part of the state. The population of this town is about 1,100 people, making it a tight-knit community with plenty of homegrown charm. The cost of living here is relatively low compared to other parts of Iowa, and there are many amenities in the area. The average 2 bedroom rent in 50002 Adair, IA is $960 per month, which is much lower than the US average of $1,430. Groceries cost index for the area is 95 compared to 100 in the US on average.
The local economy relies mainly on small businesses such as Cornerstone Cafe & Pub, Adair Lumber Company and Adair Veterinary Clinic. There are also plenty of recreational activities nearby including fishing at Ledges State Park and golfing at Sun Valley Golf Course. With a low cost of living and access to outdoor activities, 50002 Adair provides an ideal environment for people looking for an affordable place to live in Iowa.

Adair (zip 50002) has an unemployment rate of 3.1%. The US average is 6.0%.

Adair (zip 50002) has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.

Tax Rates for Adair (zip 50002)
- The Sales Tax Rate for Adair (zip 50002) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Adair (zip 50002) is 9.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Adair (zip 50002)
- The average income of a Adair (zip 50002) resident is $24,116 a year. The US average is $28,555 a year.
- The Median household income of a Adair (zip 50002) resident is $68,550 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAdair, IowaUnited States
  3.16
  -4.5%-6.2%
  24.2%33.5%
  7.0%6.2%
  8.2%4.6%
  $35,449$37,638
  $68,550$69,021
  $87,500$85,028
  Population by Occupation
  8.1%1.2%
  0.4%0.5%
  6.6%6.8%
  18.0%10.0%
  14.2%2.5%
  8.9%11.0%
  2.0%4.8%
  1.0%0.8%
  1.1%1.9%
  4.1%4.7%
  0.8%1.9%
  3.0%7.6%
  0.3%0.1%
  3.9%4.2%
  5.4%9.3%
  10.2%14.0%
  0.8%2.1%
  5.9%7.0%
  3.6%4.8%
  1.8%4.7%
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