Zip 56033 (Frost, MN) Economy


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United States / Minnesota / No Metro Area / Faribault County / Frost / Frost (zip 56033)
Frost, Minnesota is an excellent location for those looking for a comfortable and affordable lifestyle. The average 2 bedroom rent in Frost is $730, which is significantly lower than the US average of $1,430. Grocery cost index is also quite economical with 92 versus 100 in the US. Local companies such as Olsen's Grain Inc., Glacial Lakes Energy LLC, and Midwest Restoration Pros all offer great services to the community. What's more, Frost is a great place to explore with interesting attractions like Minnesota Discovery Center and Chippewa National Forest being located nearby.

Frost (zip 56033) has an unemployment rate of 5.2%. The US average is 6.0%.

Frost (zip 56033) has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 21.7%, which is lower than the US average of 33.5%.

Tax Rates for Frost (zip 56033)
- The Sales Tax Rate for Frost (zip 56033) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Frost (zip 56033) 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 Frost (zip 56033)
- The average income of a Frost (zip 56033) resident is $26,280 a year. The US average is $28,555 a year.
- The Median household income of a Frost (zip 56033) resident is $57,955 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFrost, MinnesotaUnited States
  5.26
  -1.2%-6.2%
  21.7%33.5%
  6.9%6.2%
  7.1%4.6%
  $33,046$37,638
  $57,955$69,021
  $83,125$85,028
  Population by Occupation
  9.8%1.2%
  0.0%0.5%
  12.7%6.8%
  8.8%10.0%
  1.0%2.5%
  15.7%11.0%
  7.4%4.8%
  2.0%0.8%
  2.0%1.9%
  2.0%4.7%
  0.0%1.9%
  3.9%7.6%
  0.0%0.1%
  3.9%4.2%
  4.9%9.3%
  16.7%14.0%
  1.0%2.1%
  2.5%7.0%
  2.0%4.8%
  3.9%4.7%
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