56221 Chokio, MN is an affordable place to live. The average two-bedroom rent in this area comes in at $820 a month, which is much lower than the US average of $1,430. As for grocery costs, the index in 56221 Chokio, MN is 93 versus 100 in the US making food shopping here more budget-friendly. There are also several local companies in this region such as Gocke Farms Inc., Aage Larsen Construction Co., and Chokio Automotive Center LLC that offer excellent job opportunities to residents. All these factors make 56221 Chokio, MN an attractive place to live especially for those looking for an affordable rent.
Chokio (zip 56221) has an unemployment rate of 3.8%. The US average is 6.0%.
Chokio (zip 56221) has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 20.4%, which is lower than the US average of 33.5%.
Tax Rates for Chokio (zip 56221)
- The Sales Tax Rate for Chokio (zip 56221) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Chokio (zip 56221) 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 Chokio (zip 56221)
- The average income of a Chokio (zip 56221) resident is $32,690 a year. The US average is $37,638 a year.
- The Median household income of a Chokio (zip 56221) resident is $66,875 a year. The US average is $69,021 a year.