Lovilia, IA is a small town located in Marion County with a population of around 50150. The average 2 bedroom rent in Lovilia is quite affordable at $830 compared to the US average of $1,430. Additionally, there are many popular local companies and grocery stores that make living in Lovilia convenient, such as P&K Market, Hy-Vee Food Store, Dahl's Foods Inc, and Fareway Stores Inc. Furthermore, living costs are relatively low as the Grocery Cost Index in Lovilia is 93 compared to 100 in the US. All these factors combined make living in Lovilia an attractive option for those looking for affordable housing and amenities nearby.
Lovilia (zip 50150) has an unemployment rate of 4.2%. The US average is 6.0%.
Lovilia (zip 50150) has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 19.2%, which is lower than the US average of 33.5%.
Tax Rates for Lovilia (zip 50150)
- The Sales Tax Rate for Lovilia (zip 50150) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lovilia (zip 50150) 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 Lovilia (zip 50150)
- The average income of a Lovilia (zip 50150) resident is $28,294 a year. The US average is $37,638 a year.
- The Median household income of a Lovilia (zip 50150) resident is $70,298 a year. The US average is $69,021 a year.