Independence, Iowa (zipcode 50644) is a great place to live boasting beautiful scenery and a bustling community. Home to companies such as Koch Milling, the world-renowned Grundy County Speedway, and the popular Comfort Inn hotel chain, Independence provides plenty of job opportunities for local residents. With an average 2 bedroom rent of $870 compared to the US average of $1,430, Independence has some of the most affordable housing in the country. Additionally, with a grocery cost index of 96 compared to the US average of 100, groceries are also cheaper in Independence than most other places. With its stunning landscape and lower living costs than other cities across America Independence is an ideal spot for those looking to move away from major metropolitan areas.
Independence (zip 50644) has an unemployment rate of 4.2%. The US average is 6.0%.
Independence (zip 50644) has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 23.6%, which is lower than the US average of 33.5%.
Tax Rates for Independence (zip 50644)
- The Sales Tax Rate for Independence (zip 50644) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Independence (zip 50644) 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 Independence (zip 50644)
- The average income of a Independence (zip 50644) resident is $31,870 a year. The US average is $28,555 a year.
- The Median household income of a Independence (zip 50644) resident is $69,209 a year. The US average is $69,021 a year.