51571 Silver City, IA is a small town located in the state of Iowa. It has an estimated population of just over 500 people and is known for its rural charm. The median 2 bedroom rent in Silver City is $1,020 which is significantly lower than the nation-wide average of $1,430. The Grocery Cost Index in Silver City is 95 compared to the US average of 100.
Silver City offers many local companies, attractions, and services that make it a great place to visit or live. One popular attraction in Silver City is Johnson’s Orchard which offers locally grown fruits and vegetables as well as homemade jams and syrups. For those seeking some fun outdoor activities Bear Creek Park offers camping, fishing, trails for hiking and biking as well as playground equipment for children. Local businesses such as Carney's Barbershop, Scrapbooking Room Craftsman Store, and Rattan Furniture Shop provide essential services to the citizens of Silver City. In addition to these local companies, Silver City also houses a few national chain stores such as Subway and Dollar Tree where residents can get all their shopping needs met.
Silver City (zip 51571) has an unemployment rate of 3.5%. The US average is 6.0%.
Silver City (zip 51571) has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 28.9%, which is lower than the US average of 33.5%.
Tax Rates for Silver City (zip 51571)
- The Sales Tax Rate for Silver City (zip 51571) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Silver City (zip 51571) 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 Silver City (zip 51571)
- The average income of a Silver City (zip 51571) resident is $34,741 a year. The US average is $28,555 a year.
- The Median household income of a Silver City (zip 51571) resident is $83,900 a year. The US average is $69,021 a year.