Palmer, Iowa, is a small town located in Linn County with a population of just 571 people. It is a rural community that offers its residents a tranquil lifestyle filled with small-town charm. The average cost of rent for two bedrooms is $810, which is significantly lower than the US average of $1,430. The Grocery Cost Index in Palmer is 93 compared to the US average of 100. Local businesses include Kuester Implement Co., Nichols Store & Cafe, Schillig's Plumbing & Heating Services and Paul Revere Lodge No. 32 AF&AM. Educational options are provided by Elmcrest Country School and Mt Vernon Schools. There are also plenty of outdoor activities to take part in nearby such as biking and hiking at Palmers Woods Nature Preserve and fishing at Lake Macbride State Park.
Palmer (zip 50571) has an unemployment rate of 3.3%. The US average is 6.0%.
Palmer (zip 50571) has seen the job market decrease by -8.7% over the last year. Future job growth over the next ten years is predicted to be 19.6%, which is lower than the US average of 33.5%.
Tax Rates for Palmer (zip 50571)
- The Sales Tax Rate for Palmer (zip 50571) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Palmer (zip 50571) 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 Palmer (zip 50571)
- The average income of a Palmer (zip 50571) resident is $46,276 a year. The US average is $37,638 a year.
- The Median household income of a Palmer (zip 50571) resident is $56,250 a year. The US average is $69,021 a year.