Nestled in the heart of Monroe, Iowa is the town of 50170. It is a small rural community with a population of only 1,425 people. The cost of living in this area is quite affordable, as evidenced by the 2 bedroom rent at $800 per month being significantly lower than the US average of $1430 per month. Furthermore, groceries are becoming more affordable here too as evidenced by a Grocery Cost Index of 96 versus 100 on average in the US.
Local companies like Monroe Feed Store, Hardware Hank of Monroe and Bauchs Family Farm give back to the community through jobs and services for residents. Amenities include several parks and recreation centers such as Ballard Park which features two tennis courts and an outdoor basketball court. There are also various churches that offer worship opportunities for those interested. The area is also home to many restaurants and small businesses to explore.
Monroe (zip 50170) has an unemployment rate of 4.5%. The US average is 6.0%.
Monroe (zip 50170) has seen the job market decrease by -6.4% over the last year. Future job growth over the next ten years is predicted to be 30.8%, which is lower than the US average of 33.5%.
Tax Rates for Monroe (zip 50170)
- The Sales Tax Rate for Monroe (zip 50170) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Monroe (zip 50170) 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 Monroe (zip 50170)
- The average income of a Monroe (zip 50170) resident is $31,824 a year. The US average is $37,638 a year.
- The Median household income of a Monroe (zip 50170) resident is $76,488 a year. The US average is $69,021 a year.