Merrill, Iowa, with a population of 51038 according to the latest census, is a small but growing city in Western Iowa. The cost of living here is quite affordable, with 2 Bedroom rent averaging $800 as opposed to the US average of $1430. Grocery costs are also low, with an index of 97 compared to 100 throughout the United States.
The city offers a variety of local businesses for its residents, including Schellhammer Motorsports which specializes in ATV sales and repairs as well as NAPA Auto Parts store. There are plenty of restaurants to choose from such as Monty's Family Diner and Steve's Cafe that serve classic American favorites like burgers and steaks. For those looking for something unique there is also Aji Japanese Grill & Sushi Bar where you can get delicious sushi rolls or bento boxes.
Merrill (zip 51038) has an unemployment rate of 3.1%. The US average is 6.0%.
Merrill (zip 51038) has seen the job market decrease by -6.1% over the last year. Future job growth over the next ten years is predicted to be 26.0%, which is lower than the US average of 33.5%.
Tax Rates for Merrill (zip 51038)
- The Sales Tax Rate for Merrill (zip 51038) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Merrill (zip 51038) 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 Merrill (zip 51038)
- The average income of a Merrill (zip 51038) resident is $30,865 a year. The US average is $37,638 a year.
- The Median household income of a Merrill (zip 51038) resident is $86,509 a year. The US average is $69,021 a year.