56115 Balaton, MN is an excellent place to live, as it offers a moderate 2 bedroom rent of $850 compared to the US average of $1,430. The cost of living is also quite attractive in 56115 Balaton because the grocery cost index is 92 versus 100 in the US. The area has lots of local companies such as Egger J E & Sons Inc., Balaton Farmers Union Co-op, and S&S Down Home Foods that are always looking for employees. The median age and income of 56115 Balaton is 35.3 years old and $44,900 respectively.
Balaton (zip 56115) has an unemployment rate of 4.2%. The US average is 6.0%.
Balaton (zip 56115) has seen the job market decrease by -2.4% over the last year. Future job growth over the next ten years is predicted to be 22.0%, which is lower than the US average of 33.5%.
Tax Rates for Balaton (zip 56115)
- The Sales Tax Rate for Balaton (zip 56115) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Balaton (zip 56115) 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 Balaton (zip 56115)
- The average income of a Balaton (zip 56115) resident is $30,901 a year. The US average is $37,638 a year.
- The Median household income of a Balaton (zip 56115) resident is $61,771 a year. The US average is $69,021 a year.