Sheffield, IA (population 50475) is an ideal city for families looking for a low cost of living. With a two bedroom rent of only $790 per month, it is significantly lower than the US average of $1,430. Similarly, the grocery cost index in Sheffield is 94 compared to 100 in the US. Local companies such as K&H Coop and United Farmers Cooperative are two popular employers that attract residents to Sheffield. The city prides itself on a high quality of life and excellent education opportunities. It also boasts plenty of outdoor activities such as hiking trails and nature reserves which make it a great place for people who love spending time outdoors. All these factors combined make Sheffield a wonderful place to call home at an affordable price!
Sheffield (zip 50475) has an unemployment rate of 4.1%. The US average is 6.0%.
Sheffield (zip 50475) has seen the job market decrease by -4.3% over the last year. Future job growth over the next ten years is predicted to be 21.0%, which is lower than the US average of 33.5%.
Tax Rates for Sheffield (zip 50475)
- The Sales Tax Rate for Sheffield (zip 50475) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Sheffield (zip 50475) 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 Sheffield (zip 50475)
- The average income of a Sheffield (zip 50475) resident is $29,196 a year. The US average is $37,638 a year.
- The Median household income of a Sheffield (zip 50475) resident is $57,297 a year. The US average is $69,021 a year.