Cyrus, MN (zip code 56323) is a small town in central Minnesota. The cost of living is relatively low compared to the national standard. The average two bedroom rent is $950, which is about 66% of the US's average two bedroom rent of $1,430. Additionally, the grocery cost index in Cyrus is 93 versus 100 in the US, making fresh groceries here more affordable than in many other places.
The town provides many opportunities for employment with a variety of local companies such as Larsen Seed Co., Eastern Metal Recycling Inc., and Johnson & Peterson Trucking. There are also plenty of recreational activities available for residents, such as fishing on Big Swan Lake and hunting on nearby state wildlife management areas. For those looking for a quieter lifestyle with an affordable cost of living, Cyrus is a great place to call home.
Cyrus (zip 56323) has an unemployment rate of 4.5%. The US average is 6.0%.
Cyrus (zip 56323) has seen the job market decrease by -1.6% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Cyrus (zip 56323)
- The Sales Tax Rate for Cyrus (zip 56323) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Cyrus (zip 56323) 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 Cyrus (zip 56323)
- The average income of a Cyrus (zip 56323) resident is $30,213 a year. The US average is $37,638 a year.
- The Median household income of a Cyrus (zip 56323) resident is $68,214 a year. The US average is $69,021 a year.