Hamburg, IA (ZIP code 51640) is a small city in Southwest Iowa with a population of 1,383 people. It offers an affordable cost of living compared to its national counterpart as 2 bedroom rental costs are $700 per month compared to the US average of $1,430. Grocery costs are also relatively low at 93 compared to the US index of 100. The city has a number of local companies that provide job opportunities such as Frito-Lay, Inc., which specializes in the production and distribution of snack foods; Smithfield Foods, Inc., which produces pork products; and Cargill Meat Solutions Corp., which provides beef processing services. All in all, Hamburg is an ideal location for anyone looking to settle somewhere with an affordable cost of living while having access to various local business opportunities.
Hamburg (zip 51640) has an unemployment rate of 2.5%. The US average is 6.0%.
Hamburg (zip 51640) has seen the job market decrease by -1.4% over the last year. Future job growth over the next ten years is predicted to be 11.0%, which is lower than the US average of 33.5%.
Tax Rates for Hamburg (zip 51640)
- The Sales Tax Rate for Hamburg (zip 51640) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Hamburg (zip 51640) 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 Hamburg (zip 51640)
- The average income of a Hamburg (zip 51640) resident is $29,162 a year. The US average is $37,638 a year.
- The Median household income of a Hamburg (zip 51640) resident is $53,571 a year. The US average is $69,021 a year.