Boyd, MN 56218 is a small town located in Minnesota with a population of about 300 people. It is an ideal location for those who are looking for a slower paced lifestyle away from the big city. In terms of housing costs, two bedroom rentals are available at an affordable rate of $780 per month. Additionally, the grocery cost index in Boyd is much lower compared to the US average of 100, coming in at 95.
Those living in Boyd are lucky to have access to amazing amenities and services from local companies. R & B Automotive provides auto repair services and has been in business since 2010 while Valley Air Heating & Cooling offers reliable heating and air conditioning solutions. Outdoor lovers will find plenty to do here with Blackstone Pottery which features pottery crafting classes and The Norwood Golf Club for a relaxing round of golf on their 18-hole course.
Boyd (zip 56218) has an unemployment rate of 4.5%. The US average is 6.0%.
Boyd (zip 56218) has seen the job market decrease by -1.5% over the last year. Future job growth over the next ten years is predicted to be 10.0%, which is lower than the US average of 33.5%.
Tax Rates for Boyd (zip 56218)
- The Sales Tax Rate for Boyd (zip 56218) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Boyd (zip 56218) 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 Boyd (zip 56218)
- The average income of a Boyd (zip 56218) resident is $24,659 a year. The US average is $28,555 a year.
- The Median household income of a Boyd (zip 56218) resident is $61,250 a year. The US average is $69,021 a year.