North Branch, Minnesota (zip code 55056) is an ideal place to live for those who are looking for a balance between cost of living and quality of life. The average two bedroom rental in North Branch is $1,180, compared to the national average of $1,430. Not only that, but the Grocery Cost Index in North Branch is 100 - the same as the US national average. Local stores like SuperAmerica, Ace Hardware, and Pats Stop & Shop offer great prices on everyday items. SuperAmerica offers regular unleaded gas at just $2.39 per gallon while Ace Hardware has competitive prices on all their hardware items. Pats Stop & Shop even holds weekly sales to help residents save money on their grocery shopping. With these low costs of living and local businesses offering discounts and savings around every corner, North Branch is a great place to call home.
North Branch (zip 55056) has an unemployment rate of 5.4%. The US average is 6.0%.
North Branch (zip 55056) 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 35.3%, which is higher than the US average of 33.5%.
Tax Rates for North Branch (zip 55056)
- The Sales Tax Rate for North Branch (zip 55056) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for North Branch (zip 55056) 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 North Branch (zip 55056)
- The average income of a North Branch (zip 55056) resident is $27,466 a year. The US average is $28,555 a year.
- The Median household income of a North Branch (zip 55056) resident is $91,229 a year. The US average is $69,021 a year.