Ely, IA is a small town located in Cedar County with a population of 52227. Rent for a 2 bedroom apartment in Ely is very affordable compared to the US average at just $960. Grocery prices are also on par with the rest of the US, with an index of 100. The local economy relies heavily on small businesses and entrepreneurs, including local accounting firms such as JC Business Solutions and Bowers Accounting Services, general contracting companies like Top Level Construction, and major employers such as Annin Flagmakers. There are also several family-owned shops in Ely that specialize in handmade items like furniture and jewelry.
Ely (zip 52227) has an unemployment rate of 5.3%. The US average is 6.0%.
Ely (zip 52227) has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 25.9%, which is lower than the US average of 33.5%.
Tax Rates for Ely (zip 52227)
- The Sales Tax Rate for Ely (zip 52227) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Ely (zip 52227) 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 Ely (zip 52227)
- The average income of a Ely (zip 52227) resident is $32,755 a year. The US average is $28,555 a year.
- The Median household income of a Ely (zip 52227) resident is $100,278 a year. The US average is $69,021 a year.