Zip 50316 (Des Moines, IA) Economy


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50316 Des Moines, IA is a great place to live with an affordable 2 bedroom rent of $950. This is significantly lower than the US 2 bedroom rent of $1,430. The Grocery Cost Index in 50316 Des Moines, IA is 94, relative to the US index of 100. Popular companies based in 50316 Des Moines, IA include Principal Financial Group Inc., Meredith Corporation and Hy-Vee Inc. Principal Financial Group Inc. is a global financial services company that provides insurance and investment solutions. Meredith Corporation is a media group that focuses on magazine publishing and television broadcasting. Hy-Vee Inc. is a supermarket chain that operates more than 265 stores in eight Midwestern states.

Des Moines (zip 50316) has an unemployment rate of 5.9%. The US average is 6.0%.

Des Moines (zip 50316) 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 50316)
- The Sales Tax Rate for Des Moines (zip 50316) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Des Moines (zip 50316) 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 50316)
- The average income of a Des Moines (zip 50316) resident is $21,079 a year. The US average is $37,638 a year.
- The Median household income of a Des Moines (zip 50316) resident is $46,577 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%
  $21,079$37,638
  $46,577$69,021
  $50,182$85,028
  Population by Occupation
  1.2%1.2%
  0.0%0.5%
  10.2%6.8%
  18.5%10.0%
  1.5%2.5%
  9.4%11.0%
  4.4%4.8%
  0.3%0.8%
  1.6%1.9%
  7.6%4.7%
  0.7%1.9%
  3.4%7.6%
  0.2%0.1%
  4.8%4.2%
  4.5%9.3%
  14.8%14.0%
  1.5%2.1%
  7.6%7.0%
  4.7%4.8%
  3.1%4.7%
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