Located in Sioux Rapids, Iowa, 50585 offers residents a suburban feel and most residents own their homes. The area is known for its strong economy, with a range of well-established businesses providing local employment opportunities. There are many restaurants, shops, and entertainment options as well as several parks and outdoor spaces for people to enjoy. In terms of housing costs, the average 2 bedroom rent in this area is $790 compared to the national average of $1,430. Additionally, grocery cost index in the area is 94 versus 100 in the US. These factors make it an attractive option for those looking for affordable living expenses without sacrificing quality of life. Notable employers include Farmers Coop Society Inc., located in Sioux Rapids and providing feed products and cooperative services to local agricultural communities; B & B Foods Inc., which offers a variety of fresh produce and meat items; and Sioux Automotive & Machine Inc., which provides top-notch automotive service and machining services from experienced professionals. As such, 50585 is an ideal place to settle down making it a great place to call home.
Sioux Rapids (zip 50585) has an unemployment rate of 3.0%. The US average is 6.0%.
Sioux Rapids (zip 50585) has seen the job market decrease by -3.2% over the last year. Future job growth over the next ten years is predicted to be 28.3%, which is lower than the US average of 33.5%.
Tax Rates for Sioux Rapids (zip 50585)
- The Sales Tax Rate for Sioux Rapids (zip 50585) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Sioux Rapids (zip 50585) 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 Sioux Rapids (zip 50585)
- The average income of a Sioux Rapids (zip 50585) resident is $30,473 a year. The US average is $37,638 a year.
- The Median household income of a Sioux Rapids (zip 50585) resident is $58,281 a year. The US average is $69,021 a year.