Holland, IA is a small town in the United States with a population of 50642. The cost of living in Holland is relatively low compared to the US average, as evidenced by the lower 2 Bedroom Rent rate of $1,110 per month versus the national average of $1,430. The Grocery Cost Index in Holland is 93 compared to 100 in the US. The lower cost of living makes it an attractive place for families and young people looking to start their lives. There are several local businesses that provide employment opportunities and help support the community such as King’s Country Store, Western Iowa Market Place, and J&M Automotive Repair. Overall, Holland provides its citizens with low costs of living and plenty of job opportunities from local businesses.
Holland (zip 50642) has an unemployment rate of 4.3%. The US average is 6.0%.
Holland (zip 50642) has seen the job market decrease by -6.9% over the last year. Future job growth over the next ten years is predicted to be 19.6%, which is lower than the US average of 33.5%.
Tax Rates for Holland (zip 50642)
- The Sales Tax Rate for Holland (zip 50642) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Holland (zip 50642) 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 Holland (zip 50642)
- The average income of a Holland (zip 50642) resident is $43,700 a year. The US average is $37,638 a year.
- The Median household income of a Holland (zip 50642) resident is $85,795 a year. The US average is $69,021 a year.