Van Wert, IA is a small town of 50262 people located in the state of Iowa. Residents enjoy a low 2 bedroom rental rate of $700 while enjoying prices lower than the US average for groceries with an index value of 93. The cost of living is lower compared to the US average making it an attractive place to live. Local businesses in Van Wert, IA include Jones Auto Repair, Northland Country Store and Kurtz Kustom Cabinets. According to Business Insider, there are also several restaurants in Van Wert such as The Bean Counter Café and Café Del Sol that offer local cuisines. The unemployment rate in Van Wert is 3.2%, which is slightly below the national average of 3.7%. Additionally, the median household income in Van Wert is about $53,347 per year which is slightly higher than the national average of $53,482.
Van Wert (zip 50262) has an unemployment rate of 3.2%. The US average is 6.0%.
Van Wert (zip 50262) has seen the job market decrease by -4.9% over the last year. Future job growth over the next ten years is predicted to be 25.9%, which is lower than the US average of 33.5%.
Tax Rates for Van Wert (zip 50262)
- The Sales Tax Rate for Van Wert (zip 50262) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Van Wert (zip 50262) is 9.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Van Wert (zip 50262)
- The average income of a Van Wert (zip 50262) resident is $28,440 a year. The US average is $37,638 a year.
- The Median household income of a Van Wert (zip 50262) resident is $45,000 a year. The US average is $69,021 a year.