Sharpsburg, IA is a small town with a population of just 450 people. It's located in the northwest corner of Iowa and is part of the Cedar Rapids metropolitan area. Sharpsburg offers its residents a quiet, rural living experience that comes with a very low cost of living. The average two bedroom rent price in Sharpsburg is only $800 per month which is much lower than the national average of $1,430 for the same size apartment. The grocery cost index in Sharpsburg is also considerably lower at 91 compared to 100 in the U.S., making it very affordable for families to purchase food items here. There are several local companies that call Sharpsburg home such as the Corky’s Bar & Grill chain, D&K Automotive Solutions and Central Valley Co-op Inc. All these factors combined make Sharpsburg a great place to live if you're looking for an affordable place to get away from it all!
Sharpsburg (zip 50862) has an unemployment rate of 3.3%. The US average is 6.0%.
Sharpsburg (zip 50862) has seen the job market decrease by -6.5% over the last year. Future job growth over the next ten years is predicted to be 29.6%, which is lower than the US average of 33.5%.
Tax Rates for Sharpsburg (zip 50862)
- The Sales Tax Rate for Sharpsburg (zip 50862) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Sharpsburg (zip 50862) 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 Sharpsburg (zip 50862)
- The average income of a Sharpsburg (zip 50862) resident is $35,665 a year. The US average is $37,638 a year.
- The Median household income of a Sharpsburg (zip 50862) resident is $67,500 a year. The US average is $69,021 a year.