Biwabik, MN located in St. Louis County is the perfect destination for those looking for a peaceful retreat from city life. With an estimated population of just over 800 people, Biwabik offers a quiet atmosphere with plenty of outdoor recreation and activities to enjoy. The area boasts numerous local businesses such as Northland Plus Sporting Goods, Jazzy’s Pub & Grill, and the Blueberry Patch Gift Shop along with several other small business outlets. Residents in Biwabik can also expect to find an affordable 2 bedroom rent rate at $820 per month compared to the national average of $1,430 per month. Additionally, grocery prices index at 92 versus 100 making it more economical for those living in the area.
Biwabik (zip 55708) has an unemployment rate of 4.8%. The US average is 6.0%.
Biwabik (zip 55708) has seen the job market decrease by -4.0% 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 Biwabik (zip 55708)
- The Sales Tax Rate for Biwabik (zip 55708) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Biwabik (zip 55708) 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 Biwabik (zip 55708)
- The average income of a Biwabik (zip 55708) resident is $36,645 a year. The US average is $37,638 a year.
- The Median household income of a Biwabik (zip 55708) resident is $49,531 a year. The US average is $69,021 a year.