Marshalltown, IA is a small city with a population of just over 27,000. It is known for its affordability and charm, and offers some of the lowest rent in the country at $840 for a two-bedroom apartment. The Grocery Cost Index in Marshalltown is 94, making it less expensive than the national average of 100. The local economy is diverse and includes companies such as M G Industries Inc., Iowa State Bank & Trust Company, Modern Piping Inc., and P&K Midwestern LLC. Other businesses in the area include general contractors, auto service centers, health care providers, retail stores, restaurants and more. There are many opportunities for employment and economic growth in Marshalltown that make it an attractive city to live in.
Marshalltown (zip 50158) has an unemployment rate of 9.7%. The US average is 6.0%.
Marshalltown (zip 50158) has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 9.3%, which is lower than the US average of 33.5%.
Tax Rates for Marshalltown (zip 50158)
- The Sales Tax Rate for Marshalltown (zip 50158) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Marshalltown (zip 50158) 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 Marshalltown (zip 50158)
- The average income of a Marshalltown (zip 50158) resident is $23,845 a year. The US average is $28,555 a year.
- The Median household income of a Marshalltown (zip 50158) resident is $61,628 a year. The US average is $69,021 a year.