50632 Garwin, IA is a small rural town located in Tama County. The average two bedroom rent in the area is $850, which is significantly lower than the national average rent of $1,430. The Grocery Cost Index in this area is also lower than the US index at 93 versus 100. Locals can find great deals on everyday items with various stores and markets such as Country Lane Market and L & C Produce. There are also a few other independent local businesses in the area such as Main Street Hair Care and Velasquez Mexican Restaurant.
Garwin (zip 50632) has an unemployment rate of 5.4%. The US average is 6.0%.
Garwin (zip 50632) has seen the job market decrease by -5.9% over the last year. Future job growth over the next ten years is predicted to be 28.4%, which is lower than the US average of 33.5%.
Tax Rates for Garwin (zip 50632)
- The Sales Tax Rate for Garwin (zip 50632) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Garwin (zip 50632) 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 Garwin (zip 50632)
- The average income of a Garwin (zip 50632) resident is $34,604 a year. The US average is $37,638 a year.
- The Median household income of a Garwin (zip 50632) resident is $64,324 a year. The US average is $69,021 a year.