51636 Coin, IA is a small town located in Montgomery County with a population of 819. The 2 bedroom rent in the town is significantly lower than the US average at $790 compared to $1,430. Grocery Cost Index in 51636 Coin, IA is also much lower than the US average at 93 versus 100. This makes living in 51636 Coin, IA considerably more affordable.
The town of 51636 Coin, IA is home to several local businesses like KYYT Auto Sales LLC, Glassburn Auctioneers, Inc., and Dietsch Brothers Concrete Construction that provide employment opportunities for residents. These companies are crucial to the local economy and provide essential goods and services to local citizens.
Additionally, thanks to its relatively low cost of living due to low rental rates and grocery costs, many people choose to move to or stay in 51636 Coin, IA rather than more expensive areas. As a result, these businesses can continue thriving while providing residents with much-needed jobs and economic stability.
Coin (zip 51636) has an unemployment rate of 4.0%. The US average is 6.0%.
Coin (zip 51636) 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 14.8%, which is lower than the US average of 33.5%.
Tax Rates for Coin (zip 51636)
- The Sales Tax Rate for Coin (zip 51636) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Coin (zip 51636) is 9.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Coin (zip 51636)
- The average income of a Coin (zip 51636) resident is $27,643 a year. The US average is $37,638 a year.
- The Median household income of a Coin (zip 51636) resident is $57,344 a year. The US average is $69,021 a year.