50174 Murray, IA is an appealing place to live for those looking for an affordable cost of living. The 2 bedroom rent in the area is $1,080 per month, significantly lower than the US average of $1,430. Additionally, the grocery cost index in Murray is 93 compared to 100 in the US. These factors make it a desirable location for those looking to save money. There are many local businesses in Murray that allow individuals to take advantage of these low costs. There are several restaurants such as The Huddle and Hello Market & Deli where you can enjoy locally-sourced food at an affordable price. Shopping destinations like Kauffman’s Western Store and Shafer’s Flowers are also available for residents to purchase anything they may need at low costs.
Murray (zip 50174) has an unemployment rate of 4.8%. The US average is 6.0%.
Murray (zip 50174) 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 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Murray (zip 50174)
- The Sales Tax Rate for Murray (zip 50174) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Murray (zip 50174) 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 Murray (zip 50174)
- The average income of a Murray (zip 50174) resident is $25,840 a year. The US average is $37,638 a year.
- The Median household income of a Murray (zip 50174) resident is $59,167 a year. The US average is $69,021 a year.