50851 Lenox, IA is a small city located in southwestern Iowa. It is home to many local businesses that offer services at competitive rates. The average two bedroom rental in the area is $830 which is much lower than the national average of $1,430. Grocery costs are also quite low compared to other areas, with an index score of 94 versus 100 in the US. Residents of Lenox enjoy shopping locally at stores such as Hy-Vee Supermarket, Dollar General, and Family Thrift Store, all offering low prices on their products and services. In addition to these stores, there are several local restaurants including Joe’s To-Go-Cafe, El Toro Mexican Restaurant, and Lenox Diner where residents can get reasonably priced meals.
Lenox (zip 50851) has an unemployment rate of 3.3%. The US average is 6.0%.
Lenox (zip 50851) has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 29.6%, which is lower than the US average of 33.5%.
Tax Rates for Lenox (zip 50851)
- The Sales Tax Rate for Lenox (zip 50851) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lenox (zip 50851) 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 Lenox (zip 50851)
- The average income of a Lenox (zip 50851) resident is $25,529 a year. The US average is $28,555 a year.
- The Median household income of a Lenox (zip 50851) resident is $51,818 a year. The US average is $69,021 a year.