The small city of Maxwell, Iowa (zip code 50161) is an ideal location for those looking for affordable rent and other costs of living. 2 bedroom rent in the area is $870 compared to the US average of $1,430. Grocery cost index in Maxwell is 98 compared to 100 in the US, making it a great place to live with an overall lower cost of living than the national average. Local companies such as Crossroads Bank, Relyance Bank, and Hy-Vee are some of the primary employers in Maxwell. Median household income is around $41,000 a year proving that Maxwell is an increasingly attractive destination for those seeking a more affordable lifestyle.
Maxwell (zip 50161) has an unemployment rate of 3.0%. The US average is 6.0%.
Maxwell (zip 50161) has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 32.5%, which is lower than the US average of 33.5%.
Tax Rates for Maxwell (zip 50161)
- The Sales Tax Rate for Maxwell (zip 50161) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Maxwell (zip 50161) 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 Maxwell (zip 50161)
- The average income of a Maxwell (zip 50161) resident is $33,677 a year. The US average is $28,555 a year.
- The Median household income of a Maxwell (zip 50161) resident is $82,656 a year. The US average is $69,021 a year.