50538 Farnhamville, IA is a small town in Calhoun County with a population of 786 people. It is a rural community that offers its residents a low cost of living, with two-bedroom rent at $710 per month which is significantly lower than the US average of $1,430. The Grocery Cost Index in Farnhamville is also relatively affordable at 93 versus the US benchmark of 100.
Farnhamville has several local businesses including Farley's Bar & Grill which serves classic American cuisine and Catfish Bend Casino & Hotel where visitors can enjoy gaming, nightly entertainment and more. Additionally, there's the B-Towne Tavern and Cafe for some delicious home cooked meals and live music on the weekends. Other businesses in Farnhamville include the JK & M Corner Store, Farnhamville Seed Company, and Frank's Furniture & Appliance shop.
The locals are friendly and welcoming to newcomers making it easy for anyone to feel right at home. Despite its size, there are plenty of outdoor activities like fishing, camping hiking or visiting one of many nearby parks to explore all that nature has to offer.
Farnhamville (zip 50538) has an unemployment rate of 3.7%. The US average is 6.0%.
Farnhamville (zip 50538) has seen the job market decrease by -1.6% over the last year. Future job growth over the next ten years is predicted to be 18.4%, which is lower than the US average of 33.5%.
Tax Rates for Farnhamville (zip 50538)
- The Sales Tax Rate for Farnhamville (zip 50538) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Farnhamville (zip 50538) 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 Farnhamville (zip 50538)
- The average income of a Farnhamville (zip 50538) resident is $29,188 a year. The US average is $28,555 a year.
- The Median household income of a Farnhamville (zip 50538) resident is $47,045 a year. The US average is $69,021 a year.