Zip 50458 (Nora Springs, IA) Economy


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United States / Iowa / No Metro Area / Floyd County / Nora Springs / Nora Springs (zip 50458)
Nora Springs, IA (zip code 50458) is a small town located in Cerro Gordo County. The average two bedroom rent in Nora Springs is $790, which is significantly lower than the national 2 bedroom rent of $1,430. There are many local companies and amenities available to residents of Nora Springs. Examples include Anderson Automotive, Inc., Cerro Gordo County Bank, Iowa Public Radio station KUNI-FM, and Hy-Vee grocery store. Moreover, the Grocery Cost Index in Nora Springs is 93 versus 100 in the US, providing residents with a cost effective way to purchase groceries.

Nora Springs (zip 50458) has an unemployment rate of 4.6%. The US average is 6.0%.

Nora Springs (zip 50458) 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 31.4%, which is lower than the US average of 33.5%.

Tax Rates for Nora Springs (zip 50458)
- The Sales Tax Rate for Nora Springs (zip 50458) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Nora Springs (zip 50458) 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 Nora Springs (zip 50458)
- The average income of a Nora Springs (zip 50458) resident is $26,778 a year. The US average is $28,555 a year.
- The Median household income of a Nora Springs (zip 50458) resident is $77,700 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNora Springs, IowaUnited States
  4.66
  -9.9%-6.2%
  31.4%33.5%
  7.0%6.2%
  7.5%4.6%
  $32,571$37,638
  $77,700$69,021
  $100,500$85,028
  Population by Occupation
  2.2%1.2%
  0.0%0.5%
  3.5%6.8%
  18.9%10.0%
  4.8%2.5%
  9.8%11.0%
  2.4%4.8%
  1.5%0.8%
  1.5%1.9%
  8.5%4.7%
  0.0%1.9%
  3.7%7.6%
  0.0%0.1%
  1.6%4.2%
  10.6%9.3%
  20.7%14.0%
  0.6%2.1%
  2.0%7.0%
  4.9%4.8%
  2.6%4.7%
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