50157 Malcom, IA is a small town located just outside of Iowa City in eastern Iowa. It offers the perfect balance between city life and rural living. With its close proximity to Iowa City, residents have easy access to a wide range of employment opportunities. There are also many local companies, parks, and stores located throughout the area. Some of the larger employers include Hawkeye Logistics, SoyCity Foods, Mercy Medical Center and the University of Iowa. In addition to the local businesses there are several parks for outdoor recreation including Ellis Park and Goosetown Lake Park which offer trails for hiking and biking as well as fishing spots. For shopping needs there is a Hy-Vee grocery store along with several convenience stores like Casey's General Store and Kum & Go for quick stops during errands. The average two bedroom rent in 50157 Malcom is $840 compared to the US average rent of $1,430. The Grocery Cost Index in 50157 Malcom is 93 versus 100 in the US which makes it a more affordable place to live than other parts of Iowa.
Malcom (zip 50157) has an unemployment rate of 4.7%. The US average is 6.0%.
Malcom (zip 50157) has seen the job market decrease by -9.3% over the last year. Future job growth over the next ten years is predicted to be 21.4%, which is lower than the US average of 33.5%.
Tax Rates for Malcom (zip 50157)
- The Sales Tax Rate for Malcom (zip 50157) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Malcom (zip 50157) is 9.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Malcom (zip 50157)
- The average income of a Malcom (zip 50157) resident is $31,977 a year. The US average is $37,638 a year.
- The Median household income of a Malcom (zip 50157) resident is $53,920 a year. The US average is $69,021 a year.