56444 Deerwood, MN is an ideal location for those who want to live in a small town with access to big city amenities. The 2 bedroom rent here is $970, which is significantly lower than the US average of $1,430. This makes it an affordable option for those looking to live in a rural area while still getting access to all the necessary services. Local businesses such as Deerwood Grocery Store take advantage of this affordability and offer competitive prices with a grocery cost index of 98 compared to 100 in the US. There are also other local stores such as Deerwood Community Center, Northland Cafe & Bakery, and Mohn's Hardware that can cater to the needs of its residents.
Deerwood (zip 56444) has an unemployment rate of 6.0%. The US average is 6.0%.
Deerwood (zip 56444) has seen the job market increase by 5.1% over the last year. Future job growth over the next ten years is predicted to be 42.5%, which is higher than the US average of 33.5%.
Tax Rates for Deerwood (zip 56444)
- The Sales Tax Rate for Deerwood (zip 56444) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Deerwood (zip 56444) 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 Deerwood (zip 56444)
- The average income of a Deerwood (zip 56444) resident is $28,500 a year. The US average is $28,555 a year.
- The Median household income of a Deerwood (zip 56444) resident is $69,258 a year. The US average is $69,021 a year.