52314 Mount Vernon, IA is a small town located about 25 miles northwest of Cedar Rapids. The town is home to two major employers; Huhtamaki and McGladrey LLP. Both of these companies provide employment opportunities for the residents living in and around Mount Vernon. The 2 bedroom rent in this area is $930 which is slightly less than the US average of $1,430. Additionally, the grocery cost index in this area is 100, which is equivalent to the US average index of 100. This makes it a great place to live because local residents are able to enjoy lower costs while still being able to benefit from the employment opportunities available through local companies such as Huhtamaki and McGladrey LLP.
Mount Vernon (zip 52314) has an unemployment rate of 5.3%. The US average is 6.0%.
Mount Vernon (zip 52314) has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 25.9%, which is lower than the US average of 33.5%.
Tax Rates for Mount Vernon (zip 52314)
- The Sales Tax Rate for Mount Vernon (zip 52314) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Mount Vernon (zip 52314) 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 Mount Vernon (zip 52314)
- The average income of a Mount Vernon (zip 52314) resident is $32,279 a year. The US average is $37,638 a year.
- The Median household income of a Mount Vernon (zip 52314) resident is $90,417 a year. The US average is $69,021 a year.