Zip 55808 (Duluth, MN) Economy


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Duluth, MN, with a zip code of 55808 is an affordable city to live in when compared to the national average. The 2 bedroom rent in Duluth is $1,050 whereas the nationwide average is $1,430. Furthermore, groceries cost index in Duluth is 94 versus 100 in the US. This makes it an ideal place for those interested in living a comfortable lifestyle on a more limited budget. There are several local companies that are located within 55808 such as Allete Corporation, Cirrus Aircraft Corporation and Minnesota Power Company. Allete Corporation provides energy and real estate services while Cirrus Aircraft manufacturers small planes for personal use. Lastly, Minnesota Power Company offers electricity services throughout the area.

Duluth (zip 55808) has an unemployment rate of 3.9%. The US average is 6.0%.

Duluth (zip 55808) 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 55808)
- The Sales Tax Rate for Duluth (zip 55808) is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Duluth (zip 55808) 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 55808)
- The average income of a Duluth (zip 55808) resident is $28,331 a year. The US average is $37,638 a year.
- The Median household income of a Duluth (zip 55808) resident is $48,066 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%
  $28,331$37,638
  $48,066$69,021
  $60,150$85,028
  Population by Occupation
  5.1%1.2%
  0.0%0.5%
  7.0%6.8%
  7.3%10.0%
  1.2%2.5%
  16.0%11.0%
  5.9%4.8%
  0.4%0.8%
  1.5%1.9%
  2.3%4.7%
  1.2%1.9%
  1.7%7.6%
  0.6%0.1%
  2.2%4.2%
  7.5%9.3%
  21.4%14.0%
  1.6%2.1%
  11.1%7.0%
  2.9%4.8%
  3.2%4.7%
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