New Market, IA (zipcode 51646) is a small town in Iowa with an estimated population of just over 150 people. The cost of living here is quite affordable with the 2 bedroom rent being only $810 compared to the US average of $1,430. Furthermore, the grocery cost index here is 93 which is lower than the US index of 100.
The small town has some local businesses and restaurants that locals enjoy like the New Market Cafe for delicious home-cooked meals or The Local Stop convenience store for all your needs. For those looking for something more special, there’s also the Yonder Farms Restaurant which serves up farm fresh dishes made with locally sourced ingredients. All these businesses make it easy to find something special among such a small population.
New Market (zip 51646) has an unemployment rate of 3.3%. The US average is 6.0%.
New Market (zip 51646) has seen the job market decrease by -6.5% over the last year. Future job growth over the next ten years is predicted to be 29.6%, which is lower than the US average of 33.5%.
Tax Rates for New Market (zip 51646)
- The Sales Tax Rate for New Market (zip 51646) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for New Market (zip 51646) 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 New Market (zip 51646)
- The average income of a New Market (zip 51646) resident is $29,161 a year. The US average is $37,638 a year.
- The Median household income of a New Market (zip 51646) resident is $66,250 a year. The US average is $69,021 a year.