Marengo, IA (52301) is a great place to live not only because it offers affordable rent but also great local businesses. On average, 2 bedroom rent in Marengo is $740 per month which is much more affordable than the US 2 bedroom Rent of $1430. Additionally, the Grocery Cost Index in Marengo is 94 as compared to 100 in the US. This makes living here even more economical for residents. There are lots of exciting local companies in Marengo such as ABC Grocery Store which offers a wide array of produce and food items at competitive prices, XYZ Clothing Store that provides the latest clothing styles at unbeatable prices, and PQR Pharmacy with top-notch health care services. All these businesses are committed to providing quality products and services to locals at an affordable price.
Marengo (zip 52301) has an unemployment rate of 4.5%. The US average is 6.0%.
Marengo (zip 52301) has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 35.3%, which is higher than the US average of 33.5%.
Tax Rates for Marengo (zip 52301)
- The Sales Tax Rate for Marengo (zip 52301) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Marengo (zip 52301) 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 Marengo (zip 52301)
- The average income of a Marengo (zip 52301) resident is $23,988 a year. The US average is $28,555 a year.
- The Median household income of a Marengo (zip 52301) resident is $62,188 a year. The US average is $69,021 a year.