Mason City, Iowa is a city with a population of 27,079 according to the 2020 Census. It is a charming and vibrant city that offers residents an array of local amenities and attractions. The average 2 bedroom rent in Mason City sits at $810 per month, compared to the US average of $1,430. Additionally, the cost index for groceries in Mason City is 92 versus 100 in the US - making it one of the more affordable cities to live in. Residents have access to a range of local companies such as 1st Light Energy, Kwik Trip, and Tyson Foods. Huntington Bank has also recently opened its doors in Mason City providing additional banking services and job opportunities. With relatively low living costs and many businesses offering employment; Mason City is an excellent place to call home.
Mason City (zip 50401) has an unemployment rate of 4.4%. The US average is 6.0%.
Mason City (zip 50401) has seen the job market decrease by -5.6% over the last year. Future job growth over the next ten years is predicted to be 32.2%, which is lower than the US average of 33.5%.
Tax Rates for Mason City (zip 50401)
- The Sales Tax Rate for Mason City (zip 50401) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Mason City (zip 50401) 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 Mason City (zip 50401)
- The average income of a Mason City (zip 50401) resident is $32,960 a year. The US average is $37,638 a year.
- The Median household income of a Mason City (zip 50401) resident is $57,159 a year. The US average is $69,021 a year.