Zip 50003 (Adel, IA) Economy


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Adel, IA is a small city in Dallas County with a population around 5,000. It is known for its friendly people and strong sense of community. The cost of living in Adel is relatively low compared to other places in Iowa. For example, the average rent for a two bedroom apartment here is $900 versus $1,430 in the U.S. Similarly, grocery costs are also comparatively lower at 100 index versus 100 index across the U.S.
Due to its enjoyable atmosphere and lower cost of living, businesses have been steadily growing in Adel since 2005. One such business is 24/7 Electric who provide electrical services for domestic and commercial use throughout the city as well as surrounding areas like Dallas Center and Perry. Another popular local company is All-in-One Home Improvement that offers home renovations services from installation to repair work. Lastly Jenkins Brothers Auto Body serves Adel with their finest quality auto body repairs and collision services.

Adel (zip 50003) has an unemployment rate of 3.0%. The US average is 6.0%.

Adel (zip 50003) has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 45.2%, which is higher than the US average of 33.5%.

Tax Rates for Adel (zip 50003)
- The Sales Tax Rate for Adel (zip 50003) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Adel (zip 50003) 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 Adel (zip 50003)
- The average income of a Adel (zip 50003) resident is $35,645 a year. The US average is $28,555 a year.
- The Median household income of a Adel (zip 50003) resident is $89,732 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAdel, IowaUnited States
  36
  -6.0%-6.2%
  45.2%33.5%
  7.0%6.2%
  7.4%4.6%
  $48,214$37,638
  $89,732$69,021
  $110,313$85,028
  Population by Occupation
  3.0%1.2%
  0.5%0.5%
  10.3%6.8%
  10.4%10.0%
  3.5%2.5%
  8.6%11.0%
  1.7%4.8%
  0.6%0.8%
  1.1%1.9%
  16.2%4.7%
  1.0%1.9%
  6.3%7.6%
  0.0%0.1%
  7.1%4.2%
  8.0%9.3%
  12.3%14.0%
  1.4%2.1%
  2.1%7.0%
  4.5%4.8%
  1.7%4.7%
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