Zip 55704 (Askov, MN) Economy


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United States / Minnesota / No Metro Area / Pine County / No City / Askov (zip 55704)
Askov, MN (55704) is a small rural village located in Pine County. The average 2 bedroom rent for Askov is $1,040 USD, which is much lower than the US average of $1,430. Grocery cost index for Askov is 96 compared to the US index of 100. This makes it an affordable and desirable location to live.
situarated in the rural landscape of Pine County, Askov offers its residents access to the many local companies and amenities including Askov Family Chiropractic Center, Best Western - Blandin's Resort and Conference Center, Pine County Historical Society Museum and Library, as well as four-season outdoor activities such as hiking in the Wilson State Forest Trail System or birdwatching on the nearby lakes. Overall Askov is a great place to live with its low cost of living and abundance of recreational activities.

Askov (zip 55704) has an unemployment rate of 7.7%. The US average is 6.0%.

Askov (zip 55704) has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.

Tax Rates for Askov (zip 55704)
- The Sales Tax Rate for Askov (zip 55704) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Askov (zip 55704) 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 Askov (zip 55704)
- The average income of a Askov (zip 55704) resident is $23,087 a year. The US average is $28,555 a year.
- The Median household income of a Askov (zip 55704) resident is $53,646 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAskov, MinnesotaUnited States
  7.76
  -6.3%-6.2%
  28.8%33.5%
  7.4%6.2%
  7.1%4.6%
  $27,545$37,638
  $53,646$69,021
  $64,500$85,028
  Population by Occupation
  5.7%1.2%
  0.0%0.5%
  11.2%6.8%
  8.5%10.0%
  3.0%2.5%
  6.7%11.0%
  3.2%4.8%
  0.5%0.8%
  3.0%1.9%
  3.7%4.7%
  0.0%1.9%
  1.8%7.6%
  0.2%0.1%
  2.1%4.2%
  8.9%9.3%
  13.8%14.0%
  4.6%2.1%
  3.2%7.0%
  4.4%4.8%
  15.6%4.7%
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