Baxter, IA is a small city in Iowa with a population of 50028. With an average 2 bedroom rent of 920 dollars, this makes it much more affordable than the US average of 1430 dollars. Additionally, Baxter has an index score of 96 for groceries compared to 100 in in the US overall. This means that grocery costs are substantially lower in Baxter compared to other parts of the country. Companies like Walmart and Hy-Vee benefit from people choosing to live in Baxter due to its low cost of living, while local businesses such as Farm Bureau Financial Services and Red Rock Auto Group also benefit from the city's favorable housing market. In summary, Baxter is an affordable and budget friendly city located in Iowa with many benefits for both large companies and local businesses due to its low cost of living.
Baxter (zip 50028) has an unemployment rate of 4.5%. The US average is 6.0%.
Baxter (zip 50028) has seen the job market decrease by -6.4% over the last year. Future job growth over the next ten years is predicted to be 30.8%, which is lower than the US average of 33.5%.
Tax Rates for Baxter (zip 50028)
- The Sales Tax Rate for Baxter (zip 50028) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Baxter (zip 50028) 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 Baxter (zip 50028)
- The average income of a Baxter (zip 50028) resident is $39,371 a year. The US average is $37,638 a year.
- The Median household income of a Baxter (zip 50028) resident is $64,167 a year. The US average is $69,021 a year.