Zip 55812 (Duluth, MN) Economy


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The city of Duluth, MN (55812) is a great place to live and work. With a 2 Bedroom Rent approximate of $1,160, it is far lower than the US average of $1,430. The Grocery Cost Index in Duluth is 99 compared to the US index of 100.
Duluth is home to many companies and corporations including Allete Inc., Cirrus Aircraft, Essentia Health, Grand Portage Lodges & Casino, Minnesota Power and Technology Solutions Corp. All these companies provide jobs to locals as well as generate tax revenue for the city. It also contributes greatly to the local economy and provides valuable services for residents.

Duluth (zip 55812) has an unemployment rate of 3.9%. The US average is 6.0%.

Duluth (zip 55812) 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 55812)
- The Sales Tax Rate for Duluth (zip 55812) is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Duluth (zip 55812) 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 55812)
- The average income of a Duluth (zip 55812) resident is $23,752 a year. The US average is $28,555 a year.
- The Median household income of a Duluth (zip 55812) resident is $54,409 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%
  $29,129$37,638
  $54,409$69,021
  $99,542$85,028
  Population by Occupation
  0.4%1.2%
  0.0%0.5%
  4.7%6.8%
  4.0%10.0%
  0.9%2.5%
  13.2%11.0%
  1.4%4.8%
  2.2%0.8%
  3.4%1.9%
  1.7%4.7%
  1.3%1.9%
  3.8%7.6%
  0.0%0.1%
  5.0%4.2%
  14.6%9.3%
  17.7%14.0%
  2.5%2.1%
  13.4%7.0%
  5.8%4.8%
  4.0%4.7%
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