The small town of Gilmore City, Iowa has an estimated population of 50541 and is a great place to live due to its affordable cost of living. The average rent for a two-bedroom apartment in Gilmore City is just $720, significantly less than the US average of $1,430. Grocery items are also relatively inexpensive with a grocery cost index of 92 compared to the national index of 100. Residents can shop at local stores such as Ralston's Market and Paulson's Grocery for everyday necessities. With its low cost of living combined with great local businesses, Gilmore City is an excellent place to live and work.
Gilmore City (zip 50541) has an unemployment rate of 3.3%. The US average is 6.0%.
Gilmore City (zip 50541) has seen the job market decrease by -8.7% over the last year. Future job growth over the next ten years is predicted to be 19.6%, which is lower than the US average of 33.5%.
Tax Rates for Gilmore City (zip 50541)
- The Sales Tax Rate for Gilmore City (zip 50541) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Gilmore City (zip 50541) is 9.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Gilmore City (zip 50541)
- The average income of a Gilmore City (zip 50541) resident is $29,381 a year. The US average is $37,638 a year.
- The Median household income of a Gilmore City (zip 50541) resident is $50,893 a year. The US average is $69,021 a year.