Barrett, Minnesota is a small city located in the 56311 zip code with a population of just over 500 people. This rural town offers a 2 bedroom apartment for rent at an affordable rate of $810 per month compared to the national average of $1,430. Residents also benefit from low grocery costs as the cost index in Barrett is 96 compared to 100 in the US.
The people who call Barrett home take advantage of local businesses such as LMC Motors LLC which specializes in automotive repair and service, Sunshine Produce which offers fresh fruits and vegetables, and Valley Meat Processing for quality meats and wild game processing. Other local spots include K & B Repair Garage for auto repairs and maintenance, Trinity Peaks Salon & Spa for beauty care services, and Country Saloon bar and restaurant.
Barrett (zip 56311) has an unemployment rate of 5.4%. The US average is 6.0%.
Barrett (zip 56311) has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 22.4%, which is lower than the US average of 33.5%.
Tax Rates for Barrett (zip 56311)
- The Sales Tax Rate for Barrett (zip 56311) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Barrett (zip 56311) 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 Barrett (zip 56311)
- The average income of a Barrett (zip 56311) resident is $31,655 a year. The US average is $37,638 a year.
- The Median household income of a Barrett (zip 56311) resident is $61,750 a year. The US average is $69,021 a year.