Zip 50311 (Des Moines, IA) Economy


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Des Moines, IA 50311 is a vibrant place with plenty of cultural activities to enjoy. The cost of living here is quite affordable compared to other cities in the US. Rent for a two-bedroom apartment is only $900, while the national average is $1,430. Grocery cost index in this area is 97 versus 100 in the US. The city has many local businesses offering great services such as Allstate Insurance Company, Bankers Trust Company, and Kum & Go convenience stores. Des Moines also offers a variety of recreational activities such as outdoor sports, parks, shopping centers, art galleries and performing arts venues. It's also home to Science Center of Iowa and Blank Park Zoo which are popular attractions for both locals and visitors alike. Des Moines is an attractive city with lots to offer its residents from nightlife to culture to business opportunities.

Des Moines (zip 50311) has an unemployment rate of 5.9%. The US average is 6.0%.

Des Moines (zip 50311) 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 37.4%, which is higher than the US average of 33.5%.

Tax Rates for Des Moines (zip 50311)
- The Sales Tax Rate for Des Moines (zip 50311) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Des Moines (zip 50311) 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 Des Moines (zip 50311)
- The average income of a Des Moines (zip 50311) resident is $23,506 a year. The US average is $28,555 a year.
- The Median household income of a Des Moines (zip 50311) resident is $57,065 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyDes Moines, IowaUnited States
  5.96
  -6.0%-6.2%
  37.4%33.5%
  6.0%6.2%
  7.4%4.6%
  $29,329$37,638
  $57,065$69,021
  $74,455$85,028
  Population by Occupation
  0.7%1.2%
  0.0%0.5%
  5.0%6.8%
  7.5%10.0%
  2.5%2.5%
  11.8%11.0%
  2.5%4.8%
  0.1%0.8%
  2.5%1.9%
  11.0%4.7%
  2.2%1.9%
  6.9%7.6%
  0.0%0.1%
  3.1%4.2%
  11.5%9.3%
  11.6%14.0%
  6.3%2.1%
  6.9%7.0%
  5.1%4.8%
  2.8%4.7%
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