Zip 50118 (Hartford, IA) Economy


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50118 Hartford, IA is an affordable city where the average 2 bedroom rent is only $1,230 per month. Compared to the US average of $1,430 for 2 bedrooms, this is a bargain. The area also provides reasonable prices when it comes to groceries with a Grocery Cost Index of 95 versus 100 in the US. Local companies providing rental and grocery services in 50118 Hartford include Redfield Apartments and Hartford Mart Grocery Store. Redfield Apartments offers quality two bedroom apartments for a great price while Hartford Mart Grocery Store provides fresh produce and other grocery items at low prices. With these local businesses in 50118 Hartford, residents can find all their housing and food needs met within the city limits.

Hartford (zip 50118) has an unemployment rate of 4.0%. The US average is 6.0%.

Hartford (zip 50118) has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 37.7%, which is higher than the US average of 33.5%.

Tax Rates for Hartford (zip 50118)
- The Sales Tax Rate for Hartford (zip 50118) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Hartford (zip 50118) 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 Hartford (zip 50118)
- The average income of a Hartford (zip 50118) resident is $27,926 a year. The US average is $28,555 a year.
- The Median household income of a Hartford (zip 50118) resident is $68,068 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHartford, IowaUnited States
  46
  -5.9%-6.2%
  37.7%33.5%
  7.0%6.2%
  7.5%4.6%
  $30,930$37,638
  $68,068$69,021
  $77,375$85,028
  Population by Occupation
  2.4%1.2%
  0.0%0.5%
  16.9%6.8%
  5.8%10.0%
  4.1%2.5%
  8.9%11.0%
  5.6%4.8%
  0.0%0.8%
  1.9%1.9%
  12.6%4.7%
  0.2%1.9%
  4.3%7.6%
  0.0%0.1%
  4.3%4.2%
  11.1%9.3%
  10.6%14.0%
  0.7%2.1%
  4.3%7.0%
  4.3%4.8%
  1.7%4.7%
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