Alborn, MN 55702 is a small community located in northern Minnesota. The 2 bedroom rent in Alborn averages around $1,170 which is slightly cheaper than the average US rate of $1,430. Living costs are also slightly lower than the US average as evidenced by the Grocery Cost Index which is at 99 compared to the US average of 100. Local companies that operate in Alborn include Green Mill Restaurant and Bar, Super 8 Motel and Country Court. Furthermore there is a great selection of outdoor activities available with access to parks such as Smoky Hills State Forest and recreational facilities such as Whitewater Canoe Rental & Guide Service. All things considered, Alborn offers a very affordable cost of living when compared to the rest of America.
Alborn (zip 55702) has an unemployment rate of 4.8%. The US average is 6.0%.
Alborn (zip 55702) has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Alborn (zip 55702)
- The Sales Tax Rate for Alborn (zip 55702) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Alborn (zip 55702) 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 Alborn (zip 55702)
- The average income of a Alborn (zip 55702) resident is $25,934 a year. The US average is $28,555 a year.
- The Median household income of a Alborn (zip 55702) resident is $65,833 a year. The US average is $69,021 a year.