Algona, Iowa (50511) is a small city located in the northern part of the state. The city has a population of about 5,000 people and is home to many businesses. Rent for a two-bedroom apartment averages $810 per month, which is significantly lower than the national average of $1,430. Additionally, grocery costs are also lower than the national average at 96 index points as compared to 100 in the US. \nLocal businesses such as Algona Implement Co., Trim-Rite Lawn Care & Snow Removal LLC and Fairway Independent Mortgage are just some of the establishments that make up this vibrant community. Furthermore, there is a wide array of specialty stores and restaurants that can be found throughout Algona. With its close proximity to Des Moines and a thriving business community, Algona is an ideal place to live and work.
Algona (zip 50511) has an unemployment rate of 3.5%. The US average is 6.0%.
Algona (zip 50511) has seen the job market decrease by -6.7% over the last year. Future job growth over the next ten years is predicted to be 22.2%, which is lower than the US average of 33.5%.
Tax Rates for Algona (zip 50511)
- The Sales Tax Rate for Algona (zip 50511) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Algona (zip 50511) 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 Algona (zip 50511)
- The average income of a Algona (zip 50511) resident is $34,351 a year. The US average is $37,638 a year.
- The Median household income of a Algona (zip 50511) resident is $56,389 a year. The US average is $69,021 a year.