56120 Butterfield, MN is a small town in Minnesota with a population of under 500 people. It has an affordable cost of living with 2 bedroom rents available for $810 per month, compared to the US average of $1,430 per month. Grocery costs are also lower here than the US average with a grocery cost index of 95 versus 100 in the US. The small town of 56120 Butterfield, MN provides many local companies and amenities for its residents. Local businesses include banks like New York State Bank, hardware stores such as McKellar's Lumber Yard, and clothing boutiques like Clancy's Boutique. There are also several restaurants in the area including Jocko's Café and Mexican Cantina Restaurant & Bar. Other amenities include nearby parks to enjoy outdoor fun activities, libraries to cozy up and read your favorite books, and places like Canoe Park to relax by the river.
Butterfield (zip 56120) has an unemployment rate of 4.5%. The US average is 6.0%.
Butterfield (zip 56120) has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Butterfield (zip 56120)
- The Sales Tax Rate for Butterfield (zip 56120) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Butterfield (zip 56120) 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 Butterfield (zip 56120)
- The average income of a Butterfield (zip 56120) resident is $31,297 a year. The US average is $37,638 a year.
- The Median household income of a Butterfield (zip 56120) resident is $71,324 a year. The US average is $69,021 a year.