Duluth, MN (55805) is a great place to live with an average 2 bedroom rent of $1,080 compared to the US average of $1,430. It also has an affordable grocery cost index of 95 versus the US index of 100. Some local companies in Duluth include Duluth Trading Company, Minnesota Power, and Allete Incorporated. Duluth Trading Company is a clothing and accessories retailer with multiple locations across the midwest including one in Duluth. Minnesota Power is a publicly traded electric utility company based in Duluth and serving customers throughout northeastern Minnesota. Allete Incorporated is an energy company based in Duluth providing services such as energy production and delivery as well as real estate development.
Duluth (zip 55805) has an unemployment rate of 3.9%. The US average is 6.0%.
Duluth (zip 55805) has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 32.0%, which is lower than the US average of 33.5%.
Tax Rates for Duluth (zip 55805)
- The Sales Tax Rate for Duluth (zip 55805) is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Duluth (zip 55805) 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 Duluth (zip 55805)
- The average income of a Duluth (zip 55805) resident is $17,535 a year. The US average is $28,555 a year.
- The Median household income of a Duluth (zip 55805) resident is $38,486 a year. The US average is $69,021 a year.