Packwood, IA is located in the state of Iowa and has a population of 52580. The average 2 bedroom rent in this area is $860, which is significantly cheaper than the US average of $1,430. Additionally, the Grocery Cost Index in Packwood is 92 versus 100 in the US, so groceries are also less expensive than the national average. This area offers plenty of local businesses such as Top Of Iowa Welcome Center, Riverview Flower Farm, and Packwood Flea Market that offer great deals and services to their customers. These companies provide residents with the opportunity to buy quality items at affordable prices that are often cheaper than those available elsewhere. All these factors make Packwood an ideal place for cost-conscious individuals looking for a great lifestyle in an idyllic environment.
Packwood (zip 52580) has an unemployment rate of 4.3%. The US average is 6.0%.
Packwood (zip 52580) has seen the job market decrease by -9.7% over the last year. Future job growth over the next ten years is predicted to be 23.3%, which is lower than the US average of 33.5%.
Tax Rates for Packwood (zip 52580)
- The Sales Tax Rate for Packwood (zip 52580) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Packwood (zip 52580) 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 Packwood (zip 52580)
- The average income of a Packwood (zip 52580) resident is $21,750 a year. The US average is $37,638 a year.
- The Median household income of a Packwood (zip 52580) resident is $45,362 a year. The US average is $69,021 a year.