Shannon City, IA (50861) is a small city located in the Midwest with a population of just over 500 people. The 2 Bedroom rental rate in Shannon City is $790 which is significantly lower than the national average of $1,430. Additionally, groceries are cheaper with a grocery cost index of 94 versus 100 in the US. Those looking to move to Shannon City can find plenty of local businesses to support. Some of the notable businesses include Country Junction Feed & Supply, John's Countryside Lumber, and MMM Tire & Auto Service. All of these companies provide quality services for those living in and around Shannon City.
Shannon City (zip 50861) has an unemployment rate of 4.8%. The US average is 6.0%.
Shannon City (zip 50861) has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 20.9%, which is lower than the US average of 33.5%.
Tax Rates for Shannon City (zip 50861)
- The Sales Tax Rate for Shannon City (zip 50861) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Shannon City (zip 50861) 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 Shannon City (zip 50861)
- The average income of a Shannon City (zip 50861) resident is $26,040 a year. The US average is $28,555 a year.
- The Median household income of a Shannon City (zip 50861) resident is $76,250 a year. The US average is $69,021 a year.