51550 Magnolia, IA is a great place to live. The average cost of renting a 2-bedroom apartment in the area is $900, which is much lower than the US average of $1,430. Additionally, the Grocery Cost Index in this area is 92 compared to 100 in the US, making it an affordable option for those on a budget. There are many local businesses in the area offering job opportunities such as Panera Bread and Walmart. Other costs of living include transportation costs, utilities and taxes which are all relatively low compared to other places. All these factors make 51550 Magnolia, IA an ideal place to live for those looking for an affordable place to call home.
Magnolia (zip 51550) has an unemployment rate of 3.9%. The US average is 6.0%.
Magnolia (zip 51550) has seen the job market decrease by -5.7% over the last year. Future job growth over the next ten years is predicted to be 24.9%, which is lower than the US average of 33.5%.
Tax Rates for Magnolia (zip 51550)
- The Sales Tax Rate for Magnolia (zip 51550) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Magnolia (zip 51550) 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 Magnolia (zip 51550)
- The average income of a Magnolia (zip 51550) resident is $29,626 a year. The US average is $37,638 a year.
- The Median household income of a Magnolia (zip 51550) resident is $57,917 a year. The US average is $69,021 a year.