Located in Elma, Iowa, 50628 is a small rural town with a population of approximately 500 people. The 2 bedroom rent in Elma is significantly lower than the US average of $1430; in Elma it’s only $800. The grocery cost index in Elma is also much lower than the national average of 100 at 92.
The local businesses in the area are mainly family-run and owned. These include Clinton Station, a gas station and convenience store, Buhl's Hardware & Tire Center for all your hardware needs and tire repairs, and K&L Trucking for reliable deliveries and hauling services. There are also several restaurants like Uncle Vincent's Grill to satisfy your cravings for delicious burgers and steaks. All these local businesses serve as important services to the small community of 50628 Elma, Iowa.
Elma (zip 50628) has an unemployment rate of 4.8%. The US average is 6.0%.
Elma (zip 50628) has seen the job market decrease by -4.5% over the last year. Future job growth over the next ten years is predicted to be 16.2%, which is lower than the US average of 33.5%.
Tax Rates for Elma (zip 50628)
- The Sales Tax Rate for Elma (zip 50628) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Elma (zip 50628) 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 Elma (zip 50628)
- The average income of a Elma (zip 50628) resident is $28,572 a year. The US average is $37,638 a year.
- The Median household income of a Elma (zip 50628) resident is $50,000 a year. The US average is $69,021 a year.