Zip 51553 (Minden, IA) Economy


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Minden, IA is a small town of approximately 515 people located in Webster County. It offers a peaceful and tranquil atmosphere for those seeking to escape the hustle and bustle of everyday life. The cost of rent for a two-bedroom apartment is $900, which is far below the US average of $1,430. With Grocery Cost Index rated at 96 versus 100 in the US, it is affordable to live in Minden. This rural farming community has plenty for its residents including local shops such as Joel’s Bait Shop, Minden Country Market and Chris’s Woodworking. There are many recreational activities to enjoy such as fishing and hiking along with nearby attractions like Fossil & Prairie Park Preserve and Jester Park Nature Center. All these make Minden a great place to call home.

Minden (zip 51553) has an unemployment rate of 4.3%. The US average is 6.0%.

Minden (zip 51553) has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 27.5%, which is lower than the US average of 33.5%.

Tax Rates for Minden (zip 51553)
- The Sales Tax Rate for Minden (zip 51553) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Minden (zip 51553) 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 Minden (zip 51553)
- The average income of a Minden (zip 51553) resident is $29,046 a year. The US average is $28,555 a year.
- The Median household income of a Minden (zip 51553) resident is $76,875 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMinden, IowaUnited States
  4.36
  -5.6%-6.2%
  27.5%33.5%
  7.0%6.2%
  7.5%4.6%
  $29,734$37,638
  $76,875$69,021
  $97,813$85,028
  Population by Occupation
  2.4%1.2%
  0.0%0.5%
  13.3%6.8%
  14.1%10.0%
  4.3%2.5%
  13.8%11.0%
  6.3%4.8%
  0.5%0.8%
  1.7%1.9%
  3.9%4.7%
  3.4%1.9%
  1.7%7.6%
  0.0%0.1%
  2.0%4.2%
  5.1%9.3%
  11.1%14.0%
  0.5%2.1%
  2.9%7.0%
  6.0%4.8%
  7.1%4.7%
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