Zip 56231 (Danvers, MN) Economy


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United States / Minnesota / No Metro Area / Swift County / Danvers / Danvers (zip 56231)
Danvers, MN is a small city located in the state of Minnesota. It has a population of around 56231 people. The average rent for a two-bedroom apartment in Danvers is $980, which is much cheaper than the US average rent of $1,430. The grocery cost index in Danvers is also relatively low, at 95 compared to 100 nationally. Local businesses in Danvers include the Graysen Grill and Pub, which offers delicious American cuisine, as well as the Northway Grocery Store, where you can get all your essential grocery items. Other great local businesses include the No Frills Café which serves up some of the best coffee and breakfast options in town and Danacor Home Improvement Solutions which provides professional home improvement services.

Danvers (zip 56231) has an unemployment rate of 5.6%. The US average is 6.0%.

Danvers (zip 56231) has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.

Tax Rates for Danvers (zip 56231)
- The Sales Tax Rate for Danvers (zip 56231) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Danvers (zip 56231) 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 Danvers (zip 56231)
- The average income of a Danvers (zip 56231) resident is $25,860 a year. The US average is $28,555 a year.
- The Median household income of a Danvers (zip 56231) resident is $83,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyDanvers, MinnesotaUnited States
  5.66
  -1.8%-6.2%
  25.0%33.5%
  6.9%6.2%
  7.1%4.6%
  $35,143$37,638
  $83,750$69,021
  $80,625$85,028
  Population by Occupation
  20.3%1.2%
  1.1%0.5%
  12.4%6.8%
  9.6%10.0%
  5.1%2.5%
  2.8%11.0%
  3.4%4.8%
  0.0%0.8%
  0.0%1.9%
  6.2%4.7%
  0.6%1.9%
  1.1%7.6%
  0.0%0.1%
  1.1%4.2%
  13.6%9.3%
  17.5%14.0%
  0.0%2.1%
  0.6%7.0%
  3.4%4.8%
  1.1%4.7%
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