Zip 55807 (Duluth, MN) Economy


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Duluth, Minnesota is a great place to live with plenty of opportunities for work and leisure. The 2 bedroom rent in Duluth is around $1,040 which is much cheaper than the US average of $1,430. Grocery cost index in Duluth is 94 versus 100 in the US, making it an affordable city for those looking to move there. Living costs are further reduced by the presence of local businesses such as Grand Avenue Business Center, Kohl's and Walmart Supercenter which offer competitive prices on merchandise including groceries. Duluth also has other sources of entertainment like Costco Wholesale for good discounts on electronic items and clothing. The average cost of living in Duluth is very reasonable compared to other cities in America.

Duluth (zip 55807) has an unemployment rate of 3.9%. The US average is 6.0%.

Duluth (zip 55807) 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 55807)
- The Sales Tax Rate for Duluth (zip 55807) is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Duluth (zip 55807) 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 55807)
- The average income of a Duluth (zip 55807) resident is $21,469 a year. The US average is $28,555 a year.
- The Median household income of a Duluth (zip 55807) resident is $49,989 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyDuluth, MinnesotaUnited States
  3.96
  -4.0%-6.2%
  32.0%33.5%
  8.4%6.2%
  7.1%4.6%
  $31,212$37,638
  $49,989$69,021
  $66,107$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  3.2%6.8%
  7.7%10.0%
  1.8%2.5%
  16.0%11.0%
  4.5%4.8%
  1.6%0.8%
  2.7%1.9%
  5.4%4.7%
  2.5%1.9%
  3.8%7.6%
  0.0%0.1%
  3.6%4.2%
  5.9%9.3%
  22.3%14.0%
  2.7%2.1%
  5.9%7.0%
  5.1%4.8%
  5.3%4.7%
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