The small town of Cumming, Iowa (zip code 50061) offers a unique quality of life to its residents. The average two-bedroom rent in this area is 1,120 USD compared to an average of 1,430 USD for the United States as a whole. This makes Cumming an attractive option for those looking for more affordable housing options. In addition, the Grocery Cost Index in Cumming is 105 versus 100 in the US, making it slightly more expensive than average to purchase groceries in the area.
Cumming is home to several local businesses such as Hillside Inn Bar and Grill, which offers up delicious bar food and drinks at reasonable prices, and the Penny Lane Antique Mall where you can find unique items from days gone by. There's also DeWaard & Bode Hardware Store that has been around since 1923 and is a popular destination for locals seeking quality tools and supplies at competitive prices.
Overall, Cumming's cost of living is slightly higher than the national average due to increased grocery costs but still relatively low when comparing rental prices. With its strong sense of community and friendly atmosphere it's easy to see why so many people are drawn here from all over Iowa.
Cumming (zip 50061) has an unemployment rate of 4.0%. The US average is 6.0%.
Cumming (zip 50061) has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 37.7%, which is higher than the US average of 33.5%.
Tax Rates for Cumming (zip 50061)
- The Sales Tax Rate for Cumming (zip 50061) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Cumming (zip 50061) 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 Cumming (zip 50061)
- The average income of a Cumming (zip 50061) resident is $48,721 a year. The US average is $28,555 a year.
- The Median household income of a Cumming (zip 50061) resident is $136,573 a year. The US average is $69,021 a year.