Newell, IA (zip code 50568) is a small town located in northwestern Iowa. It has a population of just over 500 people, making it an ideal location for individuals seeking a peaceful and quiet lifestyle. The median 2 bedroom rental here costs $780 per month, which is significantly lower than the US average of $1,430. Additionally, Newell's grocery cost index is 94 compared to 100 in the US - meaning groceries here are somewhat cheaper than other areas.
The town of Newell offers several local businesses and amenities that help to make life more convenient and enjoyable for its citizens. There is a local grocery store – Hilltop Market – as well as an auto repair shop – Buchan’s Automotive Repair – other services include hair salons, restaurants and even a theater. With its low rent and cost of living, Newell offers residents an excellent quality of life at an affordable price.
Newell (zip 50568) has an unemployment rate of 3.0%. The US average is 6.0%.
Newell (zip 50568) has seen the job market decrease by -3.2% over the last year. Future job growth over the next ten years is predicted to be 28.3%, which is lower than the US average of 33.5%.
Tax Rates for Newell (zip 50568)
- The Sales Tax Rate for Newell (zip 50568) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Newell (zip 50568) 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 Newell (zip 50568)
- The average income of a Newell (zip 50568) resident is $26,503 a year. The US average is $37,638 a year.
- The Median household income of a Newell (zip 50568) resident is $65,129 a year. The US average is $69,021 a year.