Barnum, MN zip code 55707 is a small town with a population of less than 800 people. The average 2 bedroom rent in Barnum is $1,050, which is lower than the US average of $1,430. Grocery costs are also relatively low with an index of 97 compared to 100 in the US. Popular local companies and attractions include the Barnum Corner Store, Norshore Lumber Company and Wildenberg’s Resort Bar & Grill. The area is also home to the Barnum Community Center that serves as a gathering place for community events and activities.
Barnum (zip 55707) has an unemployment rate of 5.3%. The US average is 6.0%.
Barnum (zip 55707) has seen the job market decrease by -3.8% over the last year. Future job growth over the next ten years is predicted to be 30.6%, which is lower than the US average of 33.5%.
Tax Rates for Barnum (zip 55707)
- The Sales Tax Rate for Barnum (zip 55707) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Barnum (zip 55707) 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 Barnum (zip 55707)
- The average income of a Barnum (zip 55707) resident is $31,726 a year. The US average is $37,638 a year.
- The Median household income of a Barnum (zip 55707) resident is $74,239 a year. The US average is $69,021 a year.