Dumont, MN (56236) is a small town with an estimated population of just under 500. Despite its size, the cost of living in Dumont is relatively affordable - two bedroom rent averages at $690 compared to the national average of $1,430. Additionally, the grocery cost index in Dumont is 93 as opposed to 100 nationally.
The economy in Dumont is heavily reliant on local businesses such as Volden Construction LLC, for construction projects and repairs; The Appliance Guyz, specializing in repair and sales of household appliances; and E & S Shell Station providing a variety of services from fuel to automotive maintenance. These businesses provide employment opportunities to local residents and support the economy by keeping resources within the community.
Dumont (zip 56236) has an unemployment rate of 5.0%. The US average is 6.0%.
Dumont (zip 56236) has seen the job market decrease by -1.4% over the last year. Future job growth over the next ten years is predicted to be 25.5%, which is lower than the US average of 33.5%.
Tax Rates for Dumont (zip 56236)
- The Sales Tax Rate for Dumont (zip 56236) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Dumont (zip 56236) 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 Dumont (zip 56236)
- The average income of a Dumont (zip 56236) resident is $47,157 a year. The US average is $37,638 a year.
- The Median household income of a Dumont (zip 56236) resident is $84,500 a year. The US average is $69,021 a year.