Zip 56763 (Warroad, MN) Economy


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United States / Minnesota / No Metro Area / Roseau County / No City / Warroad (zip 56763)
Warroad, MN (zip code 56763) is a small city located in the extreme northwest corner of the state, part of Roseau County. The population of Warroad is about 1,781 as of 2019, according to U.S. Census Bureau data. It features a low cost of living compared to the rest of Minnesota - for example, 2 bedroom rent in Warroad is around $870 which is much lower than the US average rental rate of $1,430 for a two bedroom apartment. Food costs are also reasonably priced with an index score at 95 versus 100 in the US.
The city offers a range of leisure activities and cultural attractions like fishing and hunting in nearby lakes or exploring landmarks such as historic Totem Pole park and The Fishery Museum to name some examples. There are many local businesses operating in Warroad such as Warroad Electric Company Inc., Lake Country Machine Co., Brown's Hardware & Furniture Outlet Store and Warroad Pharmacy among others. Overall, Warroad provides its residents with a good quality of life with access to basic amenities like housing options, grocery stores, recreational activities and local employers that offer great job opportunities for locals.

Warroad (zip 56763) has an unemployment rate of 3.9%. The US average is 6.0%.

Warroad (zip 56763) has seen the job market decrease by -2.0% over the last year. Future job growth over the next ten years is predicted to be 8.8%, which is lower than the US average of 33.5%.

Tax Rates for Warroad (zip 56763)
- The Sales Tax Rate for Warroad (zip 56763) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Warroad (zip 56763) 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 Warroad (zip 56763)
- The average income of a Warroad (zip 56763) resident is $24,503 a year. The US average is $28,555 a year.
- The Median household income of a Warroad (zip 56763) resident is $62,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWarroad, MinnesotaUnited States
  3.96
  -0.9%-6.2%
  8.8%33.5%
  6.9%6.2%
  7.1%4.6%
  $33,168$37,638
  $62,750$69,021
  $74,850$85,028
  Population by Occupation
  1.4%1.2%
  0.0%0.5%
  4.9%6.8%
  40.6%10.0%
  1.1%2.5%
  8.1%11.0%
  5.6%4.8%
  0.2%0.8%
  0.2%1.9%
  3.8%4.7%
  0.4%1.9%
  1.7%7.6%
  0.0%0.1%
  2.2%4.2%
  8.0%9.3%
  6.1%14.0%
  6.8%2.1%
  4.3%7.0%
  2.9%4.8%
  1.8%4.7%
Health