51047 Peterson, IA is a small town located in the middle of Clay County. It has a population of nearly 900 people and is surrounded by the rolling hills of rural Iowa. Despite its size, Peterson offers a number of amenities to its residents. 2 Bedroom rent in this area is quite affordable at only $800 per month, which is much lower than the national average of $1,430 for two bedrooms. The grocery cost index in Peterson is 92 compared to 100 nationwide, so groceries are relatively low cost here too. The town also boasts several local businesses including the esteemed Peterson Cafe which serves up delicious homemade meals with a smile and the Peterson Gas Station which provides quality fuel at competitive prices to locals and visitors alike.
Peterson (zip 51047) has an unemployment rate of 4.0%. The US average is 6.0%.
Peterson (zip 51047) has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 17.2%, which is lower than the US average of 33.5%.
Tax Rates for Peterson (zip 51047)
- The Sales Tax Rate for Peterson (zip 51047) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Peterson (zip 51047) 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 Peterson (zip 51047)
- The average income of a Peterson (zip 51047) resident is $45,599 a year. The US average is $37,638 a year.
- The Median household income of a Peterson (zip 51047) resident is $80,833 a year. The US average is $69,021 a year.