Zip 56721 (East Grand Forks, MN) Economy


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56721 East Grand Forks, MN is an attractive place for renters with a 2 bedroom rent of $840 compared to the US average of $1,430. Think of all the money you can save on that! Grocery costs are also relatively low in 56721 East Grand Forks with a grocery cost index of 100 versus 100 in the US. There are a number of local companies and services available including Walmart, Target, Lowe's Home Improvement, and Pizza Hut. Other popular local businesses include Great Clips, Family Dollar, Cash Wise Foods, Snap Fitness and Dubs auto repair shop. In addition to these great local options 56721 East Grand Forks has a variety of restaurants such as Olive Garden, Red Lobster and Mexicali Grill. No matter what your needs may be there is something for everyone in this great city!

East Grand Forks (zip 56721) has an unemployment rate of 4.9%. The US average is 6.0%.

East Grand Forks (zip 56721) has seen the job market decrease by -3.4% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.

Tax Rates for East Grand Forks (zip 56721)
- The Sales Tax Rate for East Grand Forks (zip 56721) is 8.1%. The US average is 7.3%.
- The Income Tax Rate for East Grand Forks (zip 56721) 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 East Grand Forks (zip 56721)
- The average income of a East Grand Forks (zip 56721) resident is $32,283 a year. The US average is $37,638 a year.
- The Median household income of a East Grand Forks (zip 56721) resident is $72,791 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyEast Grand Forks, MinnesotaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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