Farmington, IA (Zip Code 52626) is an affordable place to live with a two bedroom rent of $720, making it much cheaper than the US average at $1,430. Groceries are also more affordable in Farmington compared to the US cost index – 92 versus 100. This small rural town is known for its agriculture and has some small businesses such as Country Store, Farmington Locker, Deal’s Automotive Repair, Andel’s Quality Meats & Deli, and Riverside Produce. Cost of living here is lower than the national average so it's a great option for anyone looking for an affordable place to settle down.
Farmington (zip 52626) has an unemployment rate of 3.9%. The US average is 6.0%.
Farmington (zip 52626) has seen the job market decrease by -3.0% over the last year. Future job growth over the next ten years is predicted to be 16.4%, which is lower than the US average of 33.5%.
Tax Rates for Farmington (zip 52626)
- The Sales Tax Rate for Farmington (zip 52626) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Farmington (zip 52626) 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 Farmington (zip 52626)
- The average income of a Farmington (zip 52626) resident is $22,875 a year. The US average is $37,638 a year.
- The Median household income of a Farmington (zip 52626) resident is $52,411 a year. The US average is $69,021 a year.