Zip 55003 (Bayport, MN) Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
55003 Bayport is a beautiful city located in Minnesota. It offers a great quality of life with plenty of local companies, services and attractions to take advantage of. Some of the most popular businesses in the area include St Croix Boat Works, Scandia Marine and The Lighthouse Restaurant. Other popular services in the area include medical care at Allina Health Bayport Clinic and veterinary care at Lake Elmo Animal Hospital. There are also many attractions in the area such as Fort Snelling State Park and Afton Alps Ski Resort for outdoor fun. With affordable 2 bedroom rental costs of $1,250 and a grocery cost index of 101 versus 100 nationally, 55003 Bayport is an excellent place to live and enjoy all it has to offer.

Bayport (zip 55003) has an unemployment rate of 3.9%. The US average is 6.0%.

Bayport (zip 55003) has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 36.4%, which is higher than the US average of 33.5%.

Tax Rates for Bayport (zip 55003)
- The Sales Tax Rate for Bayport (zip 55003) is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Bayport (zip 55003) is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Bayport (zip 55003)
- The average income of a Bayport (zip 55003) resident is $25,227 a year. The US average is $28,555 a year.
- The Median household income of a Bayport (zip 55003) resident is $92,292 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBayport, MinnesotaUnited States
  3.96
  -3.7%-6.2%
  36.4%33.5%
  7.1%6.2%
  7.1%4.6%
  $32,689$37,638
  $92,292$69,021
  $116,167$85,028
  Population by Occupation
  2.5%1.2%
  0.0%0.5%
  12.3%6.8%
  6.5%10.0%
  2.4%2.5%
  9.0%11.0%
  3.1%4.8%
  0.0%0.8%
  1.2%1.9%
  7.5%4.7%
  0.0%1.9%
  5.5%7.6%
  0.2%0.1%
  10.5%4.2%
  5.8%9.3%
  17.7%14.0%
  1.5%2.1%
  3.8%7.0%
  6.4%4.8%
  4.1%4.7%
Health