Located in Waltham, Minnesota, 55982 is a small rural town with a population of about 1,000 people. The average two bedroom rent in the area is $1,070 per month which is significantly cheaper than the US average of $1,430. The grocery cost index in Waltham is 95 versus 100 in the US. This makes Waltham an attractive option for those looking to save some money on their living expenses. \nIn terms of local businesses, 55982 offers a variety of services and establishments including cafes and restaurants such as D & J Cafe & Grill or Farmer's Table; hardware stores such as Miller Hardware Store LLC; and other specialty shops like R & C Boutique. Overall, 55982 provides an affordable cost of living compared to other areas while still providing all the conveniences needed for everyday life.
Waltham (zip 55982) has an unemployment rate of 4.2%. The US average is 6.0%.
Waltham (zip 55982) has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 29.7%, which is lower than the US average of 33.5%.
Tax Rates for Waltham (zip 55982)
- The Sales Tax Rate for Waltham (zip 55982) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Waltham (zip 55982) 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 Waltham (zip 55982)
- The average income of a Waltham (zip 55982) resident is $29,033 a year. The US average is $28,555 a year.
- The Median household income of a Waltham (zip 55982) resident is $128,125 a year. The US average is $69,021 a year.