Lynnville, Iowa is a small town located in Marion County with a population of 501 people. It has a charming and peaceful atmosphere that makes it an ideal place to call home. The median two bedroom rent here is $800 compared to $1,430 in the US on average. The Grocery Cost Index in Lynnville is 95, which is slightly lower than the US average of 100.
The local economy is primarily agriculture-based, but there is also several small businesses such as Miller Insurance Agency, Malson Implement Company Inc., and Lynnville Family Pharmacy that have been providing services to the community for many years. Lynnville also has access to nearby large retailers like Wal-Mart and Hy-Vee for more variety in shopping options. Overall, living costs are very affordable in Lynnville, making it an excellent place to live.
Lynnville (zip 50153) has an unemployment rate of 4.5%. The US average is 6.0%.
Lynnville (zip 50153) has seen the job market decrease by -6.4% over the last year. Future job growth over the next ten years is predicted to be 30.8%, which is lower than the US average of 33.5%.
Tax Rates for Lynnville (zip 50153)
- The Sales Tax Rate for Lynnville (zip 50153) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lynnville (zip 50153) 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 Lynnville (zip 50153)
- The average income of a Lynnville (zip 50153) resident is $44,371 a year. The US average is $37,638 a year.
- The Median household income of a Lynnville (zip 50153) resident is $65,000 a year. The US average is $69,021 a year.