56678 Solway, MN is a small town with a population of just over 400 people. It offers its residents a peaceful lifestyle surrounded by natural beauty. The two-bedroom rent in the area is significantly lower than the national average, at $1,060 compared to the US average of $1,430. The local grocery cost index is also considerably lower than the base 100 of the US index, at 96. Local companies and services include L&M Motors for automotive repairs, Parkview Café for delicious dining options, and the Solway Mercantile for grocery shopping needs. All in all, 56678 Solway provides an affordable living option with plenty of amenities to enjoy.
Solway (zip 56678) has an unemployment rate of 5.1%. The US average is 6.0%.
Solway (zip 56678) has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 29.5%, which is lower than the US average of 33.5%.
Tax Rates for Solway (zip 56678)
- The Sales Tax Rate for Solway (zip 56678) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Solway (zip 56678) 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 Solway (zip 56678)
- The average income of a Solway (zip 56678) resident is $24,409 a year. The US average is $28,555 a year.
- The Median household income of a Solway (zip 56678) resident is $60,750 a year. The US average is $69,021 a year.