Barnum, IA is located in western Iowa and has a population of 50518. It is an ideal place for those looking for affordable rent prices as the two bedroom rent averages at $810, which is significantly lower than the U.S average of $1,430. Furthermore, groceries here are relatively cheaper due to its Grocery Cost Index of 94 versus 100 in the US. The area is home to numerous companies such as WestCare Health Systems Inc., West Central Co-op, and C&G Enterprises, Inc. The economic climate in Barnum is strong as evidenced by the low unemployment rate and growing job market.
Barnum (zip 50518) has an unemployment rate of 4.7%. The US average is 6.0%.
Barnum (zip 50518) has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 17.7%, which is lower than the US average of 33.5%.
Tax Rates for Barnum (zip 50518)
- The Sales Tax Rate for Barnum (zip 50518) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Barnum (zip 50518) 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 Barnum (zip 50518)
- The average income of a Barnum (zip 50518) resident is $28,636 a year. The US average is $37,638 a year.
- The Median household income of a Barnum (zip 50518) resident is $74,500 a year. The US average is $69,021 a year.