The small city of Coleraine, MN, with a population of 55722 is an ideal location for those looking to save money on rent and groceries. The two bedroom rent in the area is only $990 which is much cheaper than the US average of $1430. Groceries are typically even less expensive with a grocery cost index rating of 95 compared to the national average of 100. There are many local businesses to explore in Coleraine including Nopeming Lodge and Conference Center, a historic hotel and hunting lodge that has been around since 1900; Northern Lights Casino, offering slots and table games; and Papa’s Pumpkin Patch & Corn Maze, a festive autumn attraction for all ages.
Coleraine (zip 55722) has an unemployment rate of 6.2%. The US average is 6.0%.
Coleraine (zip 55722) has seen the job market decrease by -1.9% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.
Tax Rates for Coleraine (zip 55722)
- The Sales Tax Rate for Coleraine (zip 55722) is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Coleraine (zip 55722) 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 Coleraine (zip 55722)
- The average income of a Coleraine (zip 55722) resident is $30,125 a year. The US average is $37,638 a year.
- The Median household income of a Coleraine (zip 55722) resident is $54,167 a year. The US average is $69,021 a year.