Ottosen, Iowa is a small town located in Humboldt County with a population of 505. It has an average 2 bedroom rental price of $820, which is much lower than the US average of $1,430. Additionally, Ottosen's grocery cost index is 93 compared to the US index of 100. As a result, Ottosen is an affordable place to live for those looking for an escape from high city costs. Some of the local businesses in Ottosen include Al's Pizza Place, K&W Motorsports and Valley Service Center & Automotive. These businesses provide employment opportunities to local residents as well as services for both locals and visitors alike.
Ottosen (zip 50570) has an unemployment rate of 3.9%. The US average is 6.0%.
Ottosen (zip 50570) 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 24.3%, which is lower than the US average of 33.5%.
Tax Rates for Ottosen (zip 50570)
- The Sales Tax Rate for Ottosen (zip 50570) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Ottosen (zip 50570) is 9.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Ottosen (zip 50570)
- The average income of a Ottosen (zip 50570) resident is $30,701 a year. The US average is $37,638 a year.
- The Median household income of a Ottosen (zip 50570) resident is $63,750 a year. The US average is $69,021 a year.