Bridgewater, Iowa, with a population of 50837, is a perfect place for those looking for an affordable cost of living. With 2 bedroom rent at $700 compared to the US average of $1430, Bridgewater is a great option for budget-minded individuals. Grocery Cost Index in Bridgewater is 91 versus the 100 in the US, making it even more economical to live here.
In terms of local companies and amenities, Bridgewater offers plenty of options. From retail stores such as Dollar General and Hy-Vee to specialty stores like L & S Feeds & Farm Supplies and Bridgewater Motorsports Park Inc., there’s something for everyone. The area also has several restaurants including El Charrito Mexican Restaurant and The Venue Cafe & Pub. Other local amenities include banks such as Great Southern Bank and community centers such as Hillsboro Community Center and Mahaska County YMCA.
Bridgewater (zip 50837) has an unemployment rate of 3.1%. The US average is 6.0%.
Bridgewater (zip 50837) has seen the job market decrease by -4.5% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Bridgewater (zip 50837)
- The Sales Tax Rate for Bridgewater (zip 50837) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Bridgewater (zip 50837) is 9.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Bridgewater (zip 50837)
- The average income of a Bridgewater (zip 50837) resident is $28,987 a year. The US average is $37,638 a year.
- The Median household income of a Bridgewater (zip 50837) resident is $52,065 a year. The US average is $69,021 a year.