Lake Panorama, IA is a small town with an estimated population of 50216. Located in western Iowa, the town is best known for its nearby lake which gives it its name. The cost of living in the area is quite low compared to other parts of the country, with 2 bedroom rent averaging only $960—far lower than the US average of $1,430. Grocery costs are also quite low at about 100 on the index—the same as the US average. The area offers plenty of outdoor activities due to its natural scenery. Popular local companies include Zuber Landscaping, Wrigley Design Group, and JM Manufacturing. Landmarks include Lake Panorama National Golf Course and Pymosa Hills County Park.
Lake Panorama (zip 50216) has an unemployment rate of 4.4%. The US average is 6.0%.
Lake Panorama (zip 50216) has seen the job market decrease by -6.0% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Lake Panorama (zip 50216)
- The Sales Tax Rate for Lake Panorama (zip 50216) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Panorama (zip 50216) 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 Lake Panorama (zip 50216)
- The average income of a Lake Panorama (zip 50216) resident is $42,994 a year. The US average is $37,638 a year.
- The Median household income of a Lake Panorama (zip 50216) resident is $76,912 a year. The US average is $69,021 a year.