The small city of Laurel, IA (population 50141) is known for its low cost of living. The average 2 bedroom rent in the area is $860 which is much lower than the US average of $1,430, making it a great option for those on a budget. Additionally, the grocery cost index in Laurel is 94 compared to 100 in the US. This makes groceries in Laurel more affordable than most other places.
Laurel boasts a variety of local businesses to fulfill all your needs. There’s Feller Construction, an experienced contractor specializing in commercial and residential projects, such as repairs, new builds and roofing. Their experienced team provides high quality services with competitive rates. Another local establishment is Cowellers Hardware & Appliances; offering everything from furniture to power tools and kitchen appliances. They are reliable professionals who take pride in providing quality customer service for their customers. Finally, you can find Lake City Printing Inc., a family-run printing business that offers custom designs for banners, signs and t-shirts at a great price.
Laurel (zip 50141) has an unemployment rate of 7.8%. The US average is 6.0%.
Laurel (zip 50141) has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 10.3%, which is lower than the US average of 33.5%.
Tax Rates for Laurel (zip 50141)
- The Sales Tax Rate for Laurel (zip 50141) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Laurel (zip 50141) 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 Laurel (zip 50141)
- The average income of a Laurel (zip 50141) resident is $24,970 a year. The US average is $28,555 a year.
- The Median household income of a Laurel (zip 50141) resident is $64,464 a year. The US average is $69,021 a year.