Larchwood, IA (zip code 51241) is a small town located in the state of Iowa. The town has a population of around 1,100 people and is known for its low cost of living. The average 2 bedroom rental in Larchwood is $940, which is significantly lower than the national average of $1,430. Grocery Cost Index in Larchwood is 98 compared to 100 nationally. Local businesses include The Kountry Koop, Iris Wildflower Boutique and Back 40 BBQ & Grill. Larchwood has a very low cost of living compared to many other towns and cities across the United States. It offers affordable housing and groceries while still providing plenty of local businesses and services for residents.
Larchwood (zip 51241) has an unemployment rate of 2.7%. The US average is 6.0%.
Larchwood (zip 51241) has seen the job market decrease by -5.2% 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 Larchwood (zip 51241)
- The Sales Tax Rate for Larchwood (zip 51241) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Larchwood (zip 51241) 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 Larchwood (zip 51241)
- The average income of a Larchwood (zip 51241) resident is $34,235 a year. The US average is $37,638 a year.
- The Median household income of a Larchwood (zip 51241) resident is $89,417 a year. The US average is $69,021 a year.