The bustling city of Iowa City, IA (zip code 52240) is a great place to live and work. With a population of about 74,000 people, it offers many amenities such as local shops, restaurants, museums, parks, and more. The average two-bedroom rent in this area is around $1,140 per month – slightly lower than the US average rent of $1,430. And the cost of living index for groceries in this area is 99 compared to 100 in the US. Local businesses that make up the vibrant culture of Iowa City include Brown Bottle Restaurant & Pub, Henry's on 2nd Street BBQ & Bistro, Bread Garden Market Cafe & Bakery, Big Grove Brewery & Taproom and more. There are plenty of opportunities for residents to enjoy their time here at an affordable cost.
Iowa City (zip 52240) has an unemployment rate of 3.5%. The US average is 6.0%.
Iowa City (zip 52240) has seen the job market decrease by -6.9% over the last year. Future job growth over the next ten years is predicted to be 29.5%, which is lower than the US average of 33.5%.
Tax Rates for Iowa City (zip 52240)
- The Sales Tax Rate for Iowa City (zip 52240) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Iowa City (zip 52240) is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing ºÚÁÏÉçÇø.
Income and Salaries for Iowa City (zip 52240)
- The average income of a Iowa City (zip 52240) resident is $31,886 a year. The US average is $37,638 a year.
- The Median household income of a Iowa City (zip 52240) resident is $52,256 a year. The US average is $69,021 a year.