Morning Sun, IA (zip code 52640) is a small town with about 368 people. It is situated in Louisa County on the Cedar River. While rent for two-bedrooms here is cheaper than the national average ($770 per month versus $1,430 per month), groceries are more expensive due to its lower Grocery Cost Index of 94 compared to 100 throughout the US. Despite being relatively small, Morning Sun still offers a variety of services within its city limits and nearby communities. For instance, there are several local businesses such as Middleton's Bar & Grill, Tobacco Valley Store & Deli, Morning Sun Tire Center and many others available in town. Morning Sun is surrounded by other towns including Wapello, Columbus Junction, Letts and Farmington which offer even more amenities and services for locals.
Morning Sun (zip 52640) has an unemployment rate of 4.6%. The US average is 6.0%.
Morning Sun (zip 52640) has seen the job market decrease by -5.1% over the last year. Future job growth over the next ten years is predicted to be 28.2%, which is lower than the US average of 33.5%.
Tax Rates for Morning Sun (zip 52640)
- The Sales Tax Rate for Morning Sun (zip 52640) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Morning Sun (zip 52640) 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 Morning Sun (zip 52640)
- The average income of a Morning Sun (zip 52640) resident is $34,054 a year. The US average is $37,638 a year.
- The Median household income of a Morning Sun (zip 52640) resident is $69,821 a year. The US average is $69,021 a year.