Cotton, Minnesota is a small town located near St. Cloud in the United States with a population of 55724. The median two-bedroom rent in Cotton is $1,100 per month, which is lower than the US median of $1,430. Additionally, the Grocery Cost Index in Cotton is 94 versus 100 in the US. This makes it an affordable place to live for many people.
Local companies include: Hutterite Farms, a dairy farm that produces some of the region's best cheese; Northview Dairy Farm, another local dairy farm specializing in raw milk and cheeses; Kuehn Produce & Greenhouse, an organic produce and greenhouse business; Landwehr Construction Company, offering excavating and construction services; AP Parts Plus Inc., an automotive repair center; and Armasuis Steel Fabrication LLC., providing steel fabrication services for all sizes of projects.
Cotton (zip 55724) has an unemployment rate of 4.8%. The US average is 6.0%.
Cotton (zip 55724) 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 Cotton (zip 55724)
- The Sales Tax Rate for Cotton (zip 55724) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Cotton (zip 55724) 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 Cotton (zip 55724)
- The average income of a Cotton (zip 55724) resident is $35,995 a year. The US average is $37,638 a year.
- The Median household income of a Cotton (zip 55724) resident is $61,979 a year. The US average is $69,021 a year.