Echo, MN (zipcode 56237) is a small city located in Minnesota with a population of around 1,200 people. It has an affordable cost of living with rent for 2 Bedroom apartments costing $850 which is much less than the US average of $1,430. Grocery Cost Index in Echo is 93 versus 100 in the US providing further savings to residents. Local businesses such as Echo Farm Market and Chelsea's Cafe offer goods and services to locals while allowing them to reduce their cost of living. Echo offers small-town charm at an affordable price.
Echo (zip 56237) has an unemployment rate of 4.4%. The US average is 6.0%.
Echo (zip 56237) has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 14.9%, which is lower than the US average of 33.5%.
Tax Rates for Echo (zip 56237)
- The Sales Tax Rate for Echo (zip 56237) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Echo (zip 56237) 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 Echo (zip 56237)
- The average income of a Echo (zip 56237) resident is $26,082 a year. The US average is $28,555 a year.
- The Median household income of a Echo (zip 56237) resident is $59,375 a year. The US average is $69,021 a year.