50056 Colo, IA is a small, rural town located in central Iowa. It is known for its low cost of living and friendly atmosphere. The average 2 bedroom rent in 50056 Colo, IA is $990 per month compared to the US average of $1,430. Additionally, the grocery cost index in 50056 Colo, IA is 95 versus 100 in the US. Local businesses include Fareway Grocery Store, PTC Auto Repair & Towing, and Café Diem. Fareway Grocery Store offers fresh produce and other food items at an affordable price while PTC Auto Repair & Towing specializes in car repair services. Café Diem serves delicious breakfast and lunch sandwiches as well as coffee to go. These local businesses provide excellent services to their customers at reasonable prices and contribute to the unique atmosphere of 50056 Colo, IA.
Colo (zip 50056) has an unemployment rate of 3.0%. The US average is 6.0%.
Colo (zip 50056) has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 32.5%, which is lower than the US average of 33.5%.
Tax Rates for Colo (zip 50056)
- The Sales Tax Rate for Colo (zip 50056) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Colo (zip 50056) 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 Colo (zip 50056)
- The average income of a Colo (zip 50056) resident is $25,415 a year. The US average is $28,555 a year.
- The Median household income of a Colo (zip 50056) resident is $68,077 a year. The US average is $69,021 a year.