Spirit Lake, IA (zip code 51360) is a small city of approximately 4,500 people located in the northwest corner of Iowa. It offers a unique blend of urban amenities with rural charm. The 2 bedroom rent in Spirit Lake is $970 compared to the US average rent of $1430, making it an affordable option for those looking for a place to live. Additionally, the Grocery Cost Index in Spirit Lake is 99 versus 100 in the US making food costs relatively low as well. The city has a number of local businesses that take advantage of its location on East Okoboji Lake and include resorts like Okoboji Commons Resort and Scharnberg Park Resort as well as supermarkets such as Dahl’s Food and Pride Supermarket. Overall, Spirit Lake offers a relaxed lifestyle at an affordable cost-of-living which can be appealing to those seeking out small town charm with big city amenities.
Spirit Lake (zip 51360) has an unemployment rate of 4.9%. The US average is 6.0%.
Spirit Lake (zip 51360) has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 26.4%, which is lower than the US average of 33.5%.
Tax Rates for Spirit Lake (zip 51360)
- The Sales Tax Rate for Spirit Lake (zip 51360) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Spirit Lake (zip 51360) 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 Spirit Lake (zip 51360)
- The average income of a Spirit Lake (zip 51360) resident is $34,278 a year. The US average is $28,555 a year.
- The Median household income of a Spirit Lake (zip 51360) resident is $65,529 a year. The US average is $69,021 a year.