51012 Cherokee, IA is a small city with a population of 5,624 people. It has an affordable cost of living compared to the US which makes it attractive to those looking for a place to settle and work. The average 2 bedroom rent here is $780, more than 40% lower than the national average of $1,430. Additionally, the grocery cost index in Cherokee is 93 against 100 in the US. This means that groceries are 7% cheaper here than elsewhere in the country.
There are a few local businesses that make Cherokee thrive such as Kegel's Produce, Big Jaxx Store & Grill, Kum & Go convenience store and Heeren Brothers Hardware. These establishments offer great products and services for locals and visitors alike. There are also many recreational opportunities in Cherokee such as swimming at Passaqua Park or taking a stroll along the Little Sioux River Trail.
Cherokee (zip 51012) has an unemployment rate of 3.9%. The US average is 6.0%.
Cherokee (zip 51012) has seen the job market decrease by -1.7% over the last year. Future job growth over the next ten years is predicted to be 22.0%, which is lower than the US average of 33.5%.
Tax Rates for Cherokee (zip 51012)
- The Sales Tax Rate for Cherokee (zip 51012) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Cherokee (zip 51012) 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 Cherokee (zip 51012)
- The average income of a Cherokee (zip 51012) resident is $32,281 a year. The US average is $37,638 a year.
- The Median household income of a Cherokee (zip 51012) resident is $54,327 a year. The US average is $69,021 a year.