Zip 50602 (Allison, IA) Economy


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United States / Iowa / No Metro Area / Butler County / Allison / Allison (zip 50602)
Allison, Iowa (50602) is a small town with a population of about 1,000 residents. The 2 Bedroom Rent in Allison is $770 per month which is significantly lower than the US average of $1,430. Grocery Cost Index in Allison is also lower than the US average at 93 versus 100. Local companies in Allison include the Allison Public Library, City Hall and Fire Department, and the Allison Community Theater. Additionally, there are several local retail stores such as Eaton Hardware and Supply, White Oak Pharmacy & Gifts, and The Depot Eatery & Catering Services.

Allison (zip 50602) has an unemployment rate of 4.5%. The US average is 6.0%.

Allison (zip 50602) has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 15.7%, which is lower than the US average of 33.5%.

Tax Rates for Allison (zip 50602)
- The Sales Tax Rate for Allison (zip 50602) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Allison (zip 50602) 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 Allison (zip 50602)
- The average income of a Allison (zip 50602) resident is $26,702 a year. The US average is $28,555 a year.
- The Median household income of a Allison (zip 50602) resident is $60,500 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAllison, IowaUnited States
  4.56
  -5.3%-6.2%
  15.7%33.5%
  7.0%6.2%
  7.5%4.6%
  $30,328$37,638
  $60,500$69,021
  $75,500$85,028
  Population by Occupation
  10.2%1.2%
  0.0%0.5%
  18.9%6.8%
  14.0%10.0%
  4.5%2.5%
  7.8%11.0%
  2.8%4.8%
  0.1%0.8%
  2.3%1.9%
  4.7%4.7%
  1.1%1.9%
  0.9%7.6%
  0.0%0.1%
  2.9%4.2%
  6.6%9.3%
  12.5%14.0%
  0.0%2.1%
  4.8%7.0%
  2.4%4.8%
  3.5%4.7%
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