Donaldson, Minnesota is a small town located in Chippewa County with a population of 56720. It is known for its friendly community and boasts a relaxed atmosphere. The housing market here is excellent, with 2 bedroom rents averaging $760 per month - considerably lower than the US average of $1430. Grocery costs are also much lower than the US average, boasting an index of 90 compared to 100 in the US. For those looking to move here, local companies include Great River Energy, Jennie-O Turkey Store and Chippewa Valley Ethanol Company. In addition to these businesses there are plenty of other local shops and restaurants offering everything from home goods to outdoor gear. With its great housing market and friendly atmosphere, Donaldson provides a great place to live or visit at an affordable price.
Donaldson (zip 56720) has an unemployment rate of 4.0%. The US average is 6.0%.
Donaldson (zip 56720) 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 18.6%, which is lower than the US average of 33.5%.
Tax Rates for Donaldson (zip 56720)
- The Sales Tax Rate for Donaldson (zip 56720) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Donaldson (zip 56720) 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 Donaldson (zip 56720)
- The average income of a Donaldson (zip 56720) resident is $16,375 a year. The US average is $37,638 a year.
- The Median household income of a Donaldson (zip 56720) resident is $0 a year. The US average is $69,021 a year.