Zip 50420 (Alexander, IA) Economy


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United States / Iowa / No Metro Area / Franklin County / Alexander / Alexander (zip 50420)
Alexander, IA is a small town located in Cedar County with a population of around 500 people. It has an affordable 2 Bedroom Rent rate of $790, which is significantly lower than the US average of $1,430. This makes Alexander an attractive location for those looking for quality housing at an affordable price. Additionally, Alexander is known for its low Grocery Cost Index of 94 versus 100 in the US. Local companies include The Alexander Community Center, Alexander Township Hall and the Cedar Valley Conservation Area – all of which offer services to the local community. In conclusion, Alexander provides residents with inexpensive housing options along with low grocery costs compared to other areas in the US.

Alexander (zip 50420) has an unemployment rate of 4.1%. The US average is 6.0%.

Alexander (zip 50420) has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 21.0%, which is lower than the US average of 33.5%.

Tax Rates for Alexander (zip 50420)
- The Sales Tax Rate for Alexander (zip 50420) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Alexander (zip 50420) 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 Alexander (zip 50420)
- The average income of a Alexander (zip 50420) resident is $25,966 a year. The US average is $28,555 a year.
- The Median household income of a Alexander (zip 50420) resident is $67,794 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAlexander, IowaUnited States
  4.16
  -4.3%-6.2%
  21.0%33.5%
  7.0%6.2%
  7.5%4.6%
  $26,673$37,638
  $67,794$69,021
  $68,125$85,028
  Population by Occupation
  25.0%1.2%
  0.0%0.5%
  5.5%6.8%
  6.7%10.0%
  0.6%2.5%
  10.4%11.0%
  11.0%4.8%
  0.0%0.8%
  0.0%1.9%
  0.6%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  9.1%4.2%
  14.6%9.3%
  11.6%14.0%
  0.0%2.1%
  4.3%7.0%
  0.0%4.8%
  0.6%4.7%
Health