Searsboro, IA is a small town with an estimated population of 50242. Locals can expect affordable rent for a 2 bedroom apartment, with the average cost being $850 compared to the US average of $1,430. The grocery cost index in Searsboro is 96 versus 100 in the US. Local companies in Searsboro include Turner Farm and Ag Services, K&K Grain, and Lengeman Tire & Auto Service. For activities outside of work, residents can visit nearby Hickory Grove Park which has playgrounds and picnic areas. There are also a few local restaurants including the Rusty Bull Bar & Grill and Mowry's Dairy Freeze.
Searsboro (zip 50242) has an unemployment rate of 4.7%. The US average is 6.0%.
Searsboro (zip 50242) has seen the job market decrease by -9.3% over the last year. Future job growth over the next ten years is predicted to be 21.4%, which is lower than the US average of 33.5%.
Tax Rates for Searsboro (zip 50242)
- The Sales Tax Rate for Searsboro (zip 50242) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Searsboro (zip 50242) 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 Searsboro (zip 50242)
- The average income of a Searsboro (zip 50242) resident is $29,499 a year. The US average is $37,638 a year.
- The Median household income of a Searsboro (zip 50242) resident is $68,750 a year. The US average is $69,021 a year.