Zip 56308 (Alexandria, MN) Economy


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Alexandria, Minnesota is a city located in Douglas County with a population of 12,841 according to the 2019 estimates. The 2 bedroom rent in Alexandria is $870, which is much lower than the national average of $1430. This makes it an affordable choice for those looking for a new home. Additionally, the Grocery Cost Index in Alexandria is 100, which means it has the same grocery cost as the national average. This makes Alexandria an ideal location to settle down due to its affordability and cost of living. Various companies have established their offices in Alexandria such as G&R Diesel Inc., Northern Steel Industries Inc., Lakes Area Printing & Graphics Inc., Viking Coca Cola Bottling Co., and Edward Jones. Moreover, Alexandria is home to various historic sites including Big Ole’ Park and Runestone Museum which are perfect places for tourists or locals looking for something fun to do on a weekend.

Alexandria (zip 56308) has an unemployment rate of 4.1%. The US average is 6.0%.

Alexandria (zip 56308) has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 36.5%, which is higher than the US average of 33.5%.

Tax Rates for Alexandria (zip 56308)
- The Sales Tax Rate for Alexandria (zip 56308) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Alexandria (zip 56308) 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 Alexandria (zip 56308)
- The average income of a Alexandria (zip 56308) resident is $29,355 a year. The US average is $28,555 a year.
- The Median household income of a Alexandria (zip 56308) resident is $68,456 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAlexandria, MinnesotaUnited States
  4.16
  -0.6%-6.2%
  36.5%33.5%
  7.4%6.2%
  7.1%4.6%
  $39,781$37,638
  $68,456$69,021
  $84,981$85,028
  Population by Occupation
  1.2%1.2%
  0.0%0.5%
  5.2%6.8%
  19.7%10.0%
  3.4%2.5%
  12.2%11.0%
  3.0%4.8%
  0.3%0.8%
  1.5%1.9%
  3.3%4.7%
  1.5%1.9%
  6.4%7.6%
  0.1%0.1%
  3.1%4.2%
  7.3%9.3%
  17.7%14.0%
  1.7%2.1%
  4.2%7.0%
  5.1%4.8%
  3.0%4.7%
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