Economy in Zip 56024 (Eagle Lake, MN)

Eagle Lake, MN (56024) is a small town located in the southern part of Minnesota. The 2 bedroom rent in Eagle Lake is slightly higher than the US average at $1,540 per month. Grocery Cost Index in Eagle Lake is also comparable to the US average at 100. Local businesses in Eagle Lake include Home State Bank, ServiceMaster by Bateman and Wessels Electric Supply Company. Other companies such as Town & Country Foods and D&L Motorsports can be found nearby. With plenty of local businesses, residents of Eagle Lake have access to great amenities and services near them.

Eagle Lake (zip 56024) has an unemployment rate of 3.9%. The US average is 6.0%.

Eagle Lake (zip 56024) has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 37.2%, which is higher than the US average of 33.5%.

Tax Rates for Eagle Lake (zip 56024)
- The Sales Tax Rate for Eagle Lake (zip 56024) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Eagle Lake (zip 56024) 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 Eagle Lake (zip 56024)
- The average income of a Eagle Lake (zip 56024) resident is $28,824 a year. The US average is $28,555 a year.
- The Median household income of a Eagle Lake (zip 56024) resident is $80,739 a year. The US average is $69,021 a year.