Auburn, IA (zip code 51433) is a small city in the state of Iowa. The average two bedroom rent in Auburn is $800 which is much cheaper than the national average of $1,430. This makes Auburn a great place for those on a budget. Grocery costs are also cheaper here than elsewhere in the US, with an index score of 94 versus 100 nationally.
The local economy in Auburn is mainly driven by agriculture and its associated services. agriTech, Inc., Midwest Farmers Co-op, and Mason City Farm Equipment Company are some of the major local businesses located in Auburn. Additionally, there are numerous small mom-and-pop stores located around town that offer unique goods and services to those living in the area.
Overall, Auburn is a great place for those looking to save money while still enjoying all that rural Iowa has to offer! With lower rental prices and grocery costs compared to national averages, as well as plenty of unique local businesses to support, there's no shortage of reasons to make this city your new home!
Auburn (zip 51433) has an unemployment rate of 3.8%. The US average is 6.0%.
Auburn (zip 51433) has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 16.9%, which is lower than the US average of 33.5%.
Tax Rates for Auburn (zip 51433)
- The Sales Tax Rate for Auburn (zip 51433) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Auburn (zip 51433) 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 Auburn (zip 51433)
- The average income of a Auburn (zip 51433) resident is $22,821 a year. The US average is $37,638 a year.
- The Median household income of a Auburn (zip 51433) resident is $48,958 a year. The US average is $69,021 a year.