Iowa City, IA (zip code 52242) is a great place to live for people looking for an affordable and convenient lifestyle. The average two-bedroom rent in the area is $1,150, which is much lower than the US average of $1,430. The Grocery Cost Index here is also quite low at 100 versus 100 in the US.
The area offers a variety of locally owned businesses that suit many different needs. There are several grocery stores like Brix Marketplace and Hy-Vee that provide fresh and healthy food options to residents. For entertainment, there are plenty of restaurants including Trumpet Blossom Café & Market and Pullman Bar & Diner that offer delicious meals. Additionally, shoppers can find clothing and accessories at local boutiques such as Bluebird Vintage Boutique and Flippin Out Clothing Co. Iowa City also provides various services like Iowa City Insurance Agency and Maeder Law Firm to help you with financial planning or legal advice.
Iowa City (zip 52242) has an unemployment rate of 3.5%. The US average is 6.0%.
Iowa City (zip 52242) 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 29.5%, which is lower than the US average of 33.5%.
Tax Rates for Iowa City (zip 52242)
- The Sales Tax Rate for Iowa City (zip 52242) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Iowa City (zip 52242) 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 Iowa City (zip 52242)
- The average income of a Iowa City (zip 52242) resident is $4,601 a year. The US average is $37,638 a year.
- The Median household income of a Iowa City (zip 52242) resident is $0 a year. The US average is $69,021 a year.