Storm Lake, Iowa is a small city of 10,566 people located in the northwest of the state known for its four beautiful lakes. This city is an affordable place to live with 2 bedroom rent costing only $830 compared to the US average of $1,430. Additionally, the grocery cost index in Storm Lake is 95 compared to 100 in the US. This means that groceries are cheaper than elsewhere in the country. The city also offers an array of local businesses including its own microbrewery, The Okoboji Brewing Company, which offers a wide range of craft beers along with food and entertainment for locals and visitors alike. Other businesses include H&H Repair Shop, a full-service automotive shop offering repairs and parts replacements; Hy-Vee Grocery Store & Pharmacy providing fresh produce and pharmacy services; Shirkâs Lumber Co., a family owned lumber yard offering building supplies; as well as other service providers such as doctors and dentists. Storm Lake provides a friendly atmosphere with plenty of options for housing and other services making it an excellent place to call home.
Storm Lake (zip 50588) has an unemployment rate of 3.0%. The US average is 6.0%.
Storm Lake (zip 50588) has seen the job market increase by 1.2% 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 Storm Lake (zip 50588)
- The Sales Tax Rate for Storm Lake (zip 50588) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Storm Lake (zip 50588) 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 Storm Lake (zip 50588)
- The average income of a Storm Lake (zip 50588) resident is $21,776 a year. The US average is $28,555 a year.
- The Median household income of a Storm Lake (zip 50588) resident is $51,234 a year. The US average is $69,021 a year.