Zip 56621 (Bagley, MN) Economy


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United States / Minnesota / No Metro Area / Clearwater County / Bagley / Bagley (zip 56621)
Bagley, MN, with a population of 56621 is a great place to live due to its affordability and convenience. The US average for 2 bedroom rent is $1,430 while in Bagley it is only $810, making it an ideal destination for renters looking for a budget-friendly option. Furthermore, the Grocery Cost Index in Bagley is 94 versus 100 in the US, offering even more savings on groceries! Bagley is home to many great local businesses including Bagley Super Valu grocery store, Bagley Motors automotive service center and Northland Auto Rental car rental. There are also plenty of places to explore such as Lake Bemidji State Park, Lake Itasca State Park and Bemidji Woodcarvers Museum. With its affordable living costs and convenient local businesses, Bagley provides an ideal living experience for all its residents!

Bagley (zip 56621) has an unemployment rate of 8.7%. The US average is 6.0%.

Bagley (zip 56621) has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 23.2%, which is lower than the US average of 33.5%.

Tax Rates for Bagley (zip 56621)
- The Sales Tax Rate for Bagley (zip 56621) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Bagley (zip 56621) 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 Bagley (zip 56621)
- The average income of a Bagley (zip 56621) resident is $28,092 a year. The US average is $37,638 a year.
- The Median household income of a Bagley (zip 56621) resident is $53,714 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBagley, MinnesotaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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