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Zip 51351 (Milford, IA) Economy


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United States / / / Milford (zip 51351)
Milford, Iowa (51351) is a small rural city located in Dickinson County. It has an estimated population of 1,890 and is a great place to live for those looking for affordable rent and groceries. 2 bedroom rent in Milford is $950 which is much lower than the national average of $1,430. Similarly, the Grocery Cost Index in Milford is 98 versus 100 in the US making grocery items more affordable.
Milford offers its citizens a variety of local companies to shop from. These include Hy-Vee Grocery Store, Casey's General Store, Sather's Garden Center, Farm Bureau Insurance, State Bank & Trust Company and Murra Hardware Hank & Rental. All these stores provide quality services to the community and are known for their customer satisfaction.

Milford (zip 51351) has an unemployment rate of 4.9%. The US average is 6.0%.

Milford (zip 51351) has seen the job market decrease by -6.3% 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 Milford (zip 51351)
- The Sales Tax Rate for Milford (zip 51351) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Milford (zip 51351) is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing 黑料社区.

Income and Salaries for Milford (zip 51351)
- The average income of a Milford (zip 51351) resident is $36,573 a year. The US average is $37,638 a year.
- The Median household income of a Milford (zip 51351) resident is $62,381 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMilford, IowaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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