Zip 55723 (Cook, MN) Economy


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Cook, MN is a small city in St. Louis County located about two hours from Duluth and about an hour from Grand Rapids. It is well known for its amazing outdoor activities and scenic landscapes. The cost of living in Cook, MN is quite affordable as 2 bedroom rent averages around $960 which is significantly lower than the US average of $1,430. Additionally, the grocery cost index in Cook stands at 96 compared to 100 throughout the US.
Cook offers a variety of local businesses ranging from restaurants like the Iron Waffle Cafe to retail stores like Fullback Sports. Many locals enjoy spending their time outdoors by visiting nearby national parks like Bear Head Lake State Park or nearby lakes such as Trout Lake where fishing and swimming are popular activities. Other local attractions include the National Indian Monument and Museum as well as various sledding hills that are great for winter fun!

Cook (zip 55723) has an unemployment rate of 4.8%. The US average is 6.0%.

Cook (zip 55723) has seen the job market decrease by -4.0% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.

Tax Rates for Cook (zip 55723)
- The Sales Tax Rate for Cook (zip 55723) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Cook (zip 55723) 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 Cook (zip 55723)
- The average income of a Cook (zip 55723) resident is $35,536 a year. The US average is $37,638 a year.
- The Median household income of a Cook (zip 55723) resident is $61,193 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCook, MinnesotaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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