Smithland is a small town located in Iowa with a population of 51056. It has an affordable 2 bedroom rent of $860 compared to the US average of $1,430. The Grocery Cost Index for Smithland is 97, which is slightly below the US average of 100.
The town of Smithland has many local businesses that contribute to its economy and community. Notable companies in Smithland include Bob’s Machine Shop, Smithland Wholesale Foods, and Joe’s Automotive Repair. These businesses provide local resources to residents and help bring money back into the community.
The two bedroom rent cost for Smithland at $860 is much more affordable than other cities with similar populations or cities found nationwide. This low cost helps attract people looking for an affordable place to live while still having access to all the amenities that a larger city would offer.
Smithland (zip 51056) has an unemployment rate of 4.5%. The US average is 6.0%.
Smithland (zip 51056) has seen the job market decrease by -6.1% 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 Smithland (zip 51056)
- The Sales Tax Rate for Smithland (zip 51056) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Smithland (zip 51056) 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 Smithland (zip 51056)
- The average income of a Smithland (zip 51056) resident is $31,466 a year. The US average is $37,638 a year.
- The Median household income of a Smithland (zip 51056) resident is $63,857 a year. The US average is $69,021 a year.