Gravity, IA (Zip code 50848) has an affordable cost of living. The average 2 bedroom rent is $700 which is much lower than the US average of $1,430. Similarly, the cost of groceries in Gravity is 92 out of 100 when compared to the US. This makes it easier for people to afford their day-to-day necessities. Local businesses like Anderson's Grocery Store offer competitive prices on groceries while a family dinner at Caffe Jesse can be had for $25 per person. Overall, Gravity provides residents a comfortable lifestyle at an affordable price.
Gravity (zip 50848) has an unemployment rate of 3.3%. The US average is 6.0%.
Gravity (zip 50848) has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 29.6%, which is lower than the US average of 33.5%.
Tax Rates for Gravity (zip 50848)
- The Sales Tax Rate for Gravity (zip 50848) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Gravity (zip 50848) 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 Gravity (zip 50848)
- The average income of a Gravity (zip 50848) resident is $21,018 a year. The US average is $37,638 a year.
- The Median household income of a Gravity (zip 50848) resident is $40,096 a year. The US average is $69,021 a year.