Borup, MN (zip code 56519) is an area with relatively affordable housing. The average 2 Bedroom Rent is $1,240 which is $190 less than the US average of $1,430. Additionally, the Grocery Cost Index in the area is 94 versus 100 in the US. This could be helpful for those looking to save money on groceries. For locals looking for employment or entertainment there are several local companies to consider including Borup Tavern and Grill, Borup Grain Elevator Inc., and SPF Home Improvements LLC.
Borup (zip 56519) has an unemployment rate of 5.7%. The US average is 6.0%.
Borup (zip 56519) has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 17.2%, which is lower than the US average of 33.5%.
Tax Rates for Borup (zip 56519)
- The Sales Tax Rate for Borup (zip 56519) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Borup (zip 56519) 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 Borup (zip 56519)
- The average income of a Borup (zip 56519) resident is $29,733 a year. The US average is $37,638 a year.
- The Median household income of a Borup (zip 56519) resident is $56,875 a year. The US average is $69,021 a year.