Woolstock, IA (population 50599) is a small town located in north-central Iowa. It is a great area for anyone who enjoys the tranquility of rural life while remaining close to larger cities like Des Moines. The average 2 bedroom rent price in Woolstock is $960; this is significantly lower than the US average of $1,430. The Grocery Cost Index within Woolstock is also lower than that of the US, with an index score of 93 compared to 100 in the US.
The local economy in Woolstock consists mainly of agriculture and manufacturing companies, such as Toland Grain Co., WSSC Inc., and Feller Farm Supply. Additionally, there are several restaurants in the area, and a few retail stores including Walgreens and Family Dollar. Overall, Woolstock offers its residents an affordable lifestyle with low living expenses and plenty to do!
Woolstock (zip 50599) has an unemployment rate of 3.9%. The US average is 6.0%.
Woolstock (zip 50599) has seen the job market decrease by -2.6% over the last year. Future job growth over the next ten years is predicted to be 13.3%, which is lower than the US average of 33.5%.
Tax Rates for Woolstock (zip 50599)
- The Sales Tax Rate for Woolstock (zip 50599) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Woolstock (zip 50599) 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 Woolstock (zip 50599)
- The average income of a Woolstock (zip 50599) resident is $32,644 a year. The US average is $37,638 a year.
- The Median household income of a Woolstock (zip 50599) resident is $65,750 a year. The US average is $69,021 a year.