Zip 56023 (Delavan, MN) Economy


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United States / Minnesota / No Metro Area / Faribault County / Delavan / Delavan (zip 56023)
Delavan, Minnesota, with a population of 56023 people, is an affordable place to live for anyone looking for a 2 bedroom apartment as the rent is approximately $810 compared to the US average of $1430. Moreover, it's also a great place to go grocery shopping because the Grocery Cost Index in Delavan is 93 compared to 100 in the US. There are plenty of local companies in Delavan such as Johnson Trucking Inc., Dairy State Bank and Wild Rice Bar & Grill for residents to patronize. Whether you're looking for a great place to live or somewhere to visit, Delavan is definitely worth considering.

Delavan (zip 56023) has an unemployment rate of 5.2%. The US average is 6.0%.

Delavan (zip 56023) has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 21.7%, which is lower than the US average of 33.5%.

Tax Rates for Delavan (zip 56023)
- The Sales Tax Rate for Delavan (zip 56023) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Delavan (zip 56023) 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 Delavan (zip 56023)
- The average income of a Delavan (zip 56023) resident is $26,642 a year. The US average is $28,555 a year.
- The Median household income of a Delavan (zip 56023) resident is $69,583 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyDelavan, MinnesotaUnited States
  5.26
  -1.2%-6.2%
  21.7%33.5%
  6.9%6.2%
  7.1%4.6%
  $33,750$37,638
  $69,583$69,021
  $75,469$85,028
  Population by Occupation
  7.5%1.2%
  0.0%0.5%
  1.2%6.8%
  19.3%10.0%
  9.7%2.5%
  10.0%11.0%
  9.0%4.8%
  0.6%0.8%
  0.9%1.9%
  2.8%4.7%
  0.6%1.9%
  2.2%7.6%
  0.0%0.1%
  1.6%4.2%
  6.2%9.3%
  15.3%14.0%
  0.0%2.1%
  8.4%7.0%
  2.2%4.8%
  2.5%4.7%
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