50620 Colwell, IA is a small town in the Midwest with a population of about 500 residents. Being a rural town, it has a slower-paced lifestyle compared to the hustle and bustle of bigger cities. The median 2 bedroom rent in 50620 Colwell is $770 which is much lower than the US average of $1430 making it an attractive option for those looking for affordable housing. Similarly, the grocery cost index is at 87 versus 100 in the US making it much more affordable to buy food here than other places around the country.
The local businesses that make up 50620 Colwell are mostly family owned and operated such as Becky's Grocery Store, Donut Palace, Davis Hardware Supply and Lindner Heating & Air. These companies are well known in the community and offer quality goods and services to all residents.
50620 Colwell offers its residents a great quality of living for a reasonable price while still having access to all essential amenities such as groceries stores, restaurants, hardware stores etc. It’s also close to many outdoor activities such as hiking trails, lakes and rivers providing even more enjoyment for anyone who likes to spend some time outdoors.
Colwell (zip 50620) has an unemployment rate of 4.6%. The US average is 6.0%.
Colwell (zip 50620) has seen the job market decrease by -9.9% over the last year. Future job growth over the next ten years is predicted to be 31.4%, which is lower than the US average of 33.5%.
Tax Rates for Colwell (zip 50620)
- The Sales Tax Rate for Colwell (zip 50620) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Colwell (zip 50620) 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 Colwell (zip 50620)
- The average income of a Colwell (zip 50620) resident is $71,157 a year. The US average is $37,638 a year.
- The Median household income of a Colwell (zip 50620) resident is $0 a year. The US average is $69,021 a year.