Zip 51055 (Sloan, IA) Economy


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Sloan, IA is a small town located in51055 zip code with a population of 1,154. The area is known for its low cost of living with 2 Bedroom rentals averaging at $910 compared to the national average of $1,430. Grocery costs are also lower in Sloan than most locations in the U.S with an index rating of 95 versus 100 nationally. The city offers residents plenty of activities like visiting local art galleries and attending farmer's markets as well as access to nearby large employers such as MidAmerican Energy and Tyson Foods. Residents can enjoy all that Sloan has to offer while still taking advantage of the cost savings when it comes to rent and groceries compared to the national averages.

Sloan (zip 51055) has an unemployment rate of 4.5%. The US average is 6.0%.

Sloan (zip 51055) has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 22.7%, which is lower than the US average of 33.5%.

Tax Rates for Sloan (zip 51055)
- The Sales Tax Rate for Sloan (zip 51055) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Sloan (zip 51055) 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 Sloan (zip 51055)
- The average income of a Sloan (zip 51055) resident is $29,117 a year. The US average is $28,555 a year.
- The Median household income of a Sloan (zip 51055) resident is $78,333 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySloan, IowaUnited States
  4.56
  -6.1%-6.2%
  22.7%33.5%
  7.0%6.2%
  7.5%4.6%
  $31,641$37,638
  $78,333$69,021
  $96,875$85,028
  Population by Occupation
  3.4%1.2%
  0.0%0.5%
  6.3%6.8%
  14.9%10.0%
  4.6%2.5%
  10.7%11.0%
  6.6%4.8%
  1.2%0.8%
  3.1%1.9%
  3.6%4.7%
  1.9%1.9%
  2.2%7.6%
  0.0%0.1%
  0.6%4.2%
  12.1%9.3%
  18.7%14.0%
  1.5%2.1%
  0.6%7.0%
  5.8%4.8%
  2.1%4.7%
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