The city of Grimes, IA (50111) is a great place for people who are looking for an affordable lifestyle. The average 2 bedroom rent here is $1,170 which is significantly lower than the national average of $1,430. Coupled with its low grocery cost index of 101 compared to 100 in other parts of the US, Grimes offers a cost-effective living experience.
When it comes to local companies, Grimes is home to some of the best employers in the area such as GKN Aerospace, Applebee’s Grill & Bar and Kum & Go. While GKN Aerospace specializes in aerospace engineering services while Applebee’s Grill & Bar provides casual dining experiences and Kum & Go delivers convenient fuel and convenience services. All these companies contribute significantly to Grimes’ local economy creating job opportunities and stimulating economic growth.
Grimes (zip 50111) has an unemployment rate of 4.6%. The US average is 6.0%.
Grimes (zip 50111) has seen the job market decrease by -6.0% over the last year. Future job growth over the next ten years is predicted to be 35.9%, which is higher than the US average of 33.5%.
Tax Rates for Grimes (zip 50111)
- The Sales Tax Rate for Grimes (zip 50111) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Grimes (zip 50111) 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 Grimes (zip 50111)
- The average income of a Grimes (zip 50111) resident is $43,575 a year. The US average is $37,638 a year.
- The Median household income of a Grimes (zip 50111) resident is $92,206 a year. The US average is $69,021 a year.