Zip 56433 (Akeley, MN) Economy


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United States / Minnesota / No Metro Area / Hubbard County / No City / Akeley (zip 56433)
Akeley, MN is a small town located in the northern part of the state with a population of 56433. It's known for its lush forests, lakes, and majestic wildlife. The cost of renting a two-bedroom apartment in Akeley is $910 which is significantly less than the nationwide average of $1430. Grocery costs are also lower than the national index at 98 versus 100.
In Akeley, there are plenty of local businesses to support including Rosebud Auto Repair, Family Food Co-op, and Harris Lumber Company. There are also plenty of recreational activities around town such as hiking trails near Willow River State Park, camping and fishing spots around Turtle Lake, and golf courses like Lakeview Golf Course among others.

Akeley (zip 56433) has an unemployment rate of 6.1%. The US average is 6.0%.

Akeley (zip 56433) has seen the job market increase by 6.6% over the last year. Future job growth over the next ten years is predicted to be 45.6%, which is higher than the US average of 33.5%.

Tax Rates for Akeley (zip 56433)
- The Sales Tax Rate for Akeley (zip 56433) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Akeley (zip 56433) 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 Akeley (zip 56433)
- The average income of a Akeley (zip 56433) resident is $23,976 a year. The US average is $28,555 a year.
- The Median household income of a Akeley (zip 56433) resident is $47,875 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAkeley, MinnesotaUnited States
  6.16
  -2.5%-6.2%
  45.6%33.5%
  7.4%6.2%
  7.1%4.6%
  $31,118$37,638
  $47,875$69,021
  $65,817$85,028
  Population by Occupation
  6.7%1.2%
  0.0%0.5%
  10.6%6.8%
  8.1%10.0%
  1.6%2.5%
  6.2%11.0%
  1.1%4.8%
  0.0%0.8%
  0.0%1.9%
  7.6%4.7%
  2.4%1.9%
  4.4%7.6%
  0.0%0.1%
  6.7%4.2%
  9.6%9.3%
  18.4%14.0%
  3.3%2.1%
  5.7%7.0%
  0.9%4.8%
  6.8%4.7%
Health