Zip 55016 (Cottage Grove, MN) Economy


Reviews



BestPlaces offers the best, most comprehensive city reports,
with insight into cost of living, crime, climate, and more.
Located in central Minnesota, Cottage Grove is a city with diverse attractions, businesses, and restaurants. It has a population of around 19,755 people and is part of Washington County. The 2 bedroom rent in the area is $1,720 which is close to the US average of $1,430. Additionally, the Grocery Cost Index in Cottage Grove is 101 versus 100 in the US.
Popular businesses located within Cottage Grove include Cub Foods supermarket, Midas muffler shop, Anytime Fitness gym and several gas stations like Holiday Stationstores and Superamerica. Some popular restaurants include Luigi's Pizza & Pasta Restaurant, Fridley's Ice Cream Parlor and Noodles & Company. Outdoor activities are also aplenty with locations such as Fort Snelling State Park and Woodbury Lakes shopping mall nearby. Visitors can also explore historic sites such as Mill Ruins Park and the Mississippi National River and Recreation Area.

Cottage Grove (zip 55016) has an unemployment rate of 3.9%. The US average is 6.0%.

Cottage Grove (zip 55016) has seen the job market decrease by -3.7% over the last year. Future job growth over the next ten years is predicted to be 35.8%, which is higher than the US average of 33.5%.

Tax Rates for Cottage Grove (zip 55016)
- The Sales Tax Rate for Cottage Grove (zip 55016) is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Cottage Grove (zip 55016) 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 Cottage Grove (zip 55016)
- The average income of a Cottage Grove (zip 55016) resident is $41,640 a year. The US average is $37,638 a year.
- The Median household income of a Cottage Grove (zip 55016) resident is $108,159 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCottage Grove, 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%
Health

The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.