Aurora, MN is a lovely town located in St. Louis County with a population of approximately 55705. The cost of living index for Aurora is 92, which is 8 points lower than the national average of 100. This means that general expenses such as rent for apartments, groceries, gas prices, and healthcare are all comparatively less expensive. For example, a two bedroom apartment rental in Aurora costs $920 per month compared to the national average of $1,430.
The city boasts several large businesses such as OMNI EX Engineering Solutions Inc., North Shore Mining Co., Flint Steel Corp., and Lake States Lumber Co.. Many smaller companies are thriving in Aurora as well, including local restaurants and cafes such as Cucci Cafe & Pizzeria, La Bamba Mexican Restaurant, and Papa’s Pantry Family Restaurant.
Overall, Aurora provides an affordable cost of living while still offering numerous employment opportunities and bustling commercial centers with plenty of local businesses to enjoy.
Aurora (zip 55705) has an unemployment rate of 4.8%. The US average is 6.0%.
Aurora (zip 55705) 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 Aurora (zip 55705)
- The Sales Tax Rate for Aurora (zip 55705) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Aurora (zip 55705) 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 Aurora (zip 55705)
- The average income of a Aurora (zip 55705) resident is $30,764 a year. The US average is $37,638 a year.
- The Median household income of a Aurora (zip 55705) resident is $49,429 a year. The US average is $69,021 a year.