Arco, MN is a small city located in Pipestone County with a population of 56113. The median 2 bedroom rent is $760, which is significantly lower than the US median rent of $1,430. Grocery cost index in this town is also lower at 93 compared to the national average of 100. The city has several local stores offering competitive prices on goods and services such as Jim's Foods for groceries and home items, Arco Hardware for furniture and tools, and VESIDA store for apparel. All these stores offer great deals and discounts that make them a worthwhile choice for any resident.
Arco (zip 56113) has an unemployment rate of 5.7%. The US average is 6.0%.
Arco (zip 56113) has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Arco (zip 56113)
- The Sales Tax Rate for Arco (zip 56113) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Arco (zip 56113) 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 Arco (zip 56113)
- The average income of a Arco (zip 56113) resident is $22,191 a year. The US average is $28,555 a year.
- The Median household income of a Arco (zip 56113) resident is $66,250 a year. The US average is $69,021 a year.