Lucan, Minnesota (56255) is a small town located in Renville County. The area has a population of around 500 people, with close proximity to two larger cities – Redwood Falls and Olivia. Despite its small size, Lucan has many businesses that offer locals a variety of services including grocery stores, medical facilities, auto shops, banks, and pharmacies. The median rental cost for 2 bedroom apartments in Lucan is $820 per month, which is significantly lower than the national average rent which stands at $1430 per month. Local establishments include Rick's Country Store, Farm Fresh Grocery Store, Green Earth Cafe & Bakery as well as Riverview Health Services and Ben Franklin Bank.
Lucan (zip 56255) has an unemployment rate of 5.5%. The US average is 6.0%.
Lucan (zip 56255) has seen the job market decrease by -2.8% over the last year. Future job growth over the next ten years is predicted to be 5.0%, which is lower than the US average of 33.5%.
Tax Rates for Lucan (zip 56255)
- The Sales Tax Rate for Lucan (zip 56255) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Lucan (zip 56255) 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 Lucan (zip 56255)
- The average income of a Lucan (zip 56255) resident is $32,059 a year. The US average is $28,555 a year.
- The Median household income of a Lucan (zip 56255) resident is $63,654 a year. The US average is $69,021 a year.