Zip 55931 (Eitzen, MN) Economy


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55931 Eitzen, Minnesota is a small town located in Houston County. It offers its residents a calm rural atmosphere with easy access to nearby cities and amenities. The 2 bedroom rent in the area is $870 per month which is much cheaper than the US average of $1,430. This makes this town an attractive option for those looking for an affordable place to live. Additionally, Eitzen boasts a low grocery cost index of 94 versus 100 in the US, making it more economical to shop for groceries here than elsewhere.
The small town is home to several businesses and companies, such as Valley View Farms Dairy & Creamery LLC, Hoppe's Repair & Fabrication LLC, Shady Knoll Logging & Firewood LLC, Mathiowetz Construction Inc., and Humes Fertilizer Inc., all serving local needs. With its low rental rates and cost of living expenses, Eitzen makes for an ideal location for families looking for an affordable yet comfortable life near bigger cities in Minnesota.

Eitzen (zip 55931) has an unemployment rate of 4.4%. The US average is 6.0%.

Eitzen (zip 55931) has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 32.6%, which is lower than the US average of 33.5%.

Tax Rates for Eitzen (zip 55931)
- The Sales Tax Rate for Eitzen (zip 55931) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Eitzen (zip 55931) 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 Eitzen (zip 55931)
- The average income of a Eitzen (zip 55931) resident is $28,400 a year. The US average is $28,555 a year.
- The Median household income of a Eitzen (zip 55931) resident is $52,500 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyEitzen, MinnesotaUnited States
  4.46
  -1.9%-6.2%
  32.6%33.5%
  6.9%6.2%
  7.1%4.6%
  $29,910$37,638
  $52,500$69,021
  $76,094$85,028
  Population by Occupation
  6.9%1.2%
  0.0%0.5%
  12.6%6.8%
  9.2%10.0%
  2.9%2.5%
  5.7%11.0%
  2.9%4.8%
  0.0%0.8%
  0.6%1.9%
  4.0%4.7%
  0.0%1.9%
  1.7%7.6%
  0.0%0.1%
  6.9%4.2%
  6.9%9.3%
  27.0%14.0%
  0.0%2.1%
  6.3%7.0%
  3.4%4.8%
  2.9%4.7%
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