\nCeylon, MN 56121 is a small town located in Martin County. It has a population of just under 500 people and is a popular place for those looking for a quiet and peaceful lifestyle. The average rent for a two bedroom apartment in Ceylon is $740, which is considerably lower than the national average of $1,430. Additionally, the grocery cost index in Ceylon is 93 compared to 100 in the US. This makes it an affordable option for people looking to settle down. Ceylon also boasts many small businesses such as Weisbrich's Store & Deli, McQuillan's Auto Repair, and B&D Transport Inc., offering everything from groceries to auto repair services at reasonable prices.
Ceylon (zip 56121) has an unemployment rate of 4.3%. The US average is 6.0%.
Ceylon (zip 56121) has seen the job market decrease by -2.0% over the last year. Future job growth over the next ten years is predicted to be 25.1%, which is lower than the US average of 33.5%.
Tax Rates for Ceylon (zip 56121)
- The Sales Tax Rate for Ceylon (zip 56121) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Ceylon (zip 56121) 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 Ceylon (zip 56121)
- The average income of a Ceylon (zip 56121) resident is $29,541 a year. The US average is $37,638 a year.
- The Median household income of a Ceylon (zip 56121) resident is $42,096 a year. The US average is $69,021 a year.