Laurens, IA (Zip code 50554) is a rural town located in Pocahontas County. It has a population of about 1,000 people and offers its residents a laid back lifestyle and rural atmosphere. The median 2-bedroom rent is $700, which is much lower than the national average of $1,430. The local grocery cost index is 92 versus 100 in the US, making groceries more affordable for residents. Laurens has several local businesses such as Abels Store & Cafe, Howe’s Machine Shop, Hejlik Auto Salvage & Sales, Wegman Farms LLC, and Weber Construction Co., all of which add to the vibrant economy of the town. The cost of living in Laurens is below average compared to other places in Iowa and across the country.
Laurens (zip 50554) has an unemployment rate of 3.3%. The US average is 6.0%.
Laurens (zip 50554) has seen the job market decrease by -8.7% over the last year. Future job growth over the next ten years is predicted to be 19.6%, which is lower than the US average of 33.5%.
Tax Rates for Laurens (zip 50554)
- The Sales Tax Rate for Laurens (zip 50554) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Laurens (zip 50554) 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 Laurens (zip 50554)
- The average income of a Laurens (zip 50554) resident is $32,380 a year. The US average is $37,638 a year.
- The Median household income of a Laurens (zip 50554) resident is $56,081 a year. The US average is $69,021 a year.