Cold Spring, MN (56320) is a great place to live with affordable housing options. The average 2 bedroom rent in Cold Spring is $1,060 compared to the US average of $1,430 - making it a more cost-effective choice for many. Additionally, the Grocery Cost Index in Cold Spring is comparable to the U.S. average at 100, so grocery costs are also reasonable. \nThe city of Cold Spring provides many attractions for locals and visitors alike. It's home to Shopko Hometown, which offers an array of everyday items from groceries to home decor. Those looking for an outdoor adventure can visit Quarry Hill Nature Center or Gophers Cascade County Park where they can hike and camp amidst stunning views of Minnesota’s natural landscape.
Cold Spring (zip 56320) has an unemployment rate of 4.7%. The US average is 6.0%.
Cold Spring (zip 56320) has seen the job market decrease by -2.4% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.
Tax Rates for Cold Spring (zip 56320)
- The Sales Tax Rate for Cold Spring (zip 56320) is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Cold Spring (zip 56320) 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 Cold Spring (zip 56320)
- The average income of a Cold Spring (zip 56320) resident is $38,906 a year. The US average is $37,638 a year.
- The Median household income of a Cold Spring (zip 56320) resident is $91,368 a year. The US average is $69,021 a year.