Cromwell, Minnesota is a small town located in the northwest corner of the state. It has a population of 55726 people and is known for its rural charm and peaceful atmosphere. The 2 Bedroom Rent in Cromwell is $1120 which is significantly lower than the US average of $1430. Additionally, the Grocery Cost Index in Cromwell is 98 compared to the US average of 100 making it a great place for budget-minded shoppers.
Cromwell's small-town feel makes it ideal for outdoor activities such as fishing, camping, boating, snowmobiling, and cross country skiing. The nearby Paul Bunyan State Forest offers plenty of opportunities for those looking to explore nature on their own or with family and friends. For shopping needs there are several local businesses including Kaleva Cafe & Deli, Country Corner Store & Deli, Northwoods Realty LLC., and Midnight Oil Inc. For entertainment there are two movie theaters, a bowling alley and many restaurants offering delicious eats such as Sam’s Pizza Palace or Big Papa’s BBQ Joint. Cromwell has something for everyone to explore!
Cromwell (zip 55726) has an unemployment rate of 5.3%. The US average is 6.0%.
Cromwell (zip 55726) has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 30.6%, which is lower than the US average of 33.5%.
Tax Rates for Cromwell (zip 55726)
- The Sales Tax Rate for Cromwell (zip 55726) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Cromwell (zip 55726) 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 Cromwell (zip 55726)
- The average income of a Cromwell (zip 55726) resident is $25,096 a year. The US average is $28,555 a year.
- The Median household income of a Cromwell (zip 55726) resident is $66,250 a year. The US average is $69,021 a year.