Zip 55018 (Dennison, MN) Economy


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United States / Minnesota / Red Wing Metro Area / Goodhue County / No City / Dennison (zip 55018)
Dennison, MN (55018) is a small city located in Minnesota. It has a population of just over 1,800 people and is known for its scenic views of the surrounding nature. The average two bedroom rent in Dennison, MN is $1,430 which is comparable to the national average in the US. Additionally, Dennison has a Grocery Cost Index score of 102 which indicates that grocery costs here are slightly higher than the US average.
For those looking to work in Dennison, there are plenty of local businesses catering to a variety of industries. Some of these include Strand Enterprises Inc., which provides construction services and manufacturing; Electric Air Technologies Inc., specializing in refrigeration and air conditioning equipment; and Millstead Group Family Practice, offering family health care services. With its charming atmosphere and close-knit community, Dennison is an ideal town for those seeking a quiet life away from the hustle and bustle of big cities.

Dennison (zip 55018) has an unemployment rate of 4.6%. The US average is 6.0%.

Dennison (zip 55018) has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 28.0%, which is lower than the US average of 33.5%.

Tax Rates for Dennison (zip 55018)
- The Sales Tax Rate for Dennison (zip 55018) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Dennison (zip 55018) 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 Dennison (zip 55018)
- The average income of a Dennison (zip 55018) resident is $31,661 a year. The US average is $28,555 a year.
- The Median household income of a Dennison (zip 55018) resident is $85,903 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyDennison, MinnesotaUnited States
  4.66
  -4.1%-6.2%
  28.0%33.5%
  7.4%6.2%
  7.1%4.6%
  $39,756$37,638
  $85,903$69,021
  $98,750$85,028
  Population by Occupation
  15.9%1.2%
  0.0%0.5%
  5.6%6.8%
  13.4%10.0%
  2.9%2.5%
  9.5%11.0%
  9.3%4.8%
  1.9%0.8%
  2.7%1.9%
  1.9%4.7%
  2.1%1.9%
  4.7%7.6%
  0.0%0.1%
  3.1%4.2%
  8.0%9.3%
  11.3%14.0%
  0.0%2.1%
  1.2%7.0%
  3.7%4.8%
  2.9%4.7%
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