Grant, Iowa is a small town with a population of 50847. It is located in Southwest Iowa and offers its residents an affordable cost of living. The average rent for a two-bedroom apartment in Grant is $700 per month, which is much lower than the nationwide average of $1,430. Additionally, grocery costs tend to be lower in Grant than the national average; the Grocery Cost Index for Grant is 89 versus 100 in the US.
When it comes to business opportunities, Grant has many locally owned stores and companies that provide employment to its residents. Businesses such as L’eau Vite Winery and Prairie Rose Farm are two local favorites that offer excellent products to Grant’s citizens. Other businesses like Goldsmith’s Service Center and Family Medical Clinic are also popular employers in town. All of these businesses help contribute to Grant’s low cost of living by providing employment opportunities to its citizens.
Grant (zip 50847) has an unemployment rate of 3.9%. The US average is 6.0%.
Grant (zip 50847) has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 19.0%, which is lower than the US average of 33.5%.
Tax Rates for Grant (zip 50847)
- The Sales Tax Rate for Grant (zip 50847) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Grant (zip 50847) 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 Grant (zip 50847)
- The average income of a Grant (zip 50847) resident is $29,777 a year. The US average is $28,555 a year.
- The Median household income of a Grant (zip 50847) resident is $30,000 a year. The US average is $69,021 a year.