Peru, Iowa (Zip Code 50222), a city situated in the northeastern part of the state, boasts an affordable cost of living and rent. A two bedroom apartment in Peru costs $980 on average compared to the US national average of $1,430. Similarly, the Grocery Cost Index for this area is 97 compared to the US average of 100. The city is home to several local businesses such as W&L Farm and Home Center, Herb’s True Value Hardware Store, Anderson Ford Lincoln Inc., Shorts Implement Co., Inc., Iowa State Bank, KAM Motors LLC and more. Peru also houses a few schools - East Marshall Middle School, East Marshall High School and North Tama Elementary School - which serve its population. All these factors make Peru an attractive location for those looking for a comfortable lifestyle at a reasonable cost.
Peru (zip 50222) has an unemployment rate of 5.0%. The US average is 6.0%.
Peru (zip 50222) has seen the job market decrease by -6.0% over the last year. Future job growth over the next ten years is predicted to be 32.1%, which is lower than the US average of 33.5%.
Tax Rates for Peru (zip 50222)
- The Sales Tax Rate for Peru (zip 50222) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Peru (zip 50222) 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 Peru (zip 50222)
- The average income of a Peru (zip 50222) resident is $29,087 a year. The US average is $37,638 a year.
- The Median household income of a Peru (zip 50222) resident is $78,750 a year. The US average is $69,021 a year.