Inwood, IA is a rural city that lies in the heart of Plymouth County, with a population of 51240. The average rent for a two bedroom residence is $780 which is much lower than the national average of $1,430. This coupled with the Grocery Cost Index being 98 versus 100 in the US makes Inwood an attractive place to live due to its relatively low cost of living. There are many local businesses such as Big Red Meats, Berkenpas Farm Fencing & Building Supplies, K&P Motorsports Inc., and DJ's Automotive Repair & Towing that help sustain the local economy. Furthermore there is also a variety of recreational activities like golfing at Westfield Golf Club or fishing at Peterson Park which residents can take part in.
Inwood (zip 51240) has an unemployment rate of 2.7%. The US average is 6.0%.
Inwood (zip 51240) has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 24.1%, which is lower than the US average of 33.5%.
Tax Rates for Inwood (zip 51240)
- The Sales Tax Rate for Inwood (zip 51240) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Inwood (zip 51240) 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 Inwood (zip 51240)
- The average income of a Inwood (zip 51240) resident is $26,802 a year. The US average is $28,555 a year.
- The Median household income of a Inwood (zip 51240) resident is $72,283 a year. The US average is $69,021 a year.