Zip 56531 (Elbow Lake, MN) 

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United States / Minnesota / No Metro Area / Grant County / Elbow Lake / Elbow Lake (zip 56531)
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Economy in Zip 56531 (Elbow Lake, MN)

Elbow Lake (zip 56531) has an unemployment rate of 5.4%. The US average is 6.0%.

Elbow Lake (zip 56531) has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 22.4%, which is lower than the US average of 33.5%.

Tax Rates for Elbow Lake (zip 56531)
- The Sales Tax Rate for Elbow Lake (zip 56531) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Elbow Lake (zip 56531) 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 Elbow Lake (zip 56531)
- The average income of a Elbow Lake (zip 56531) resident is $27,997 a year. The US average is $28,555 a year.
- The Median household income of a Elbow Lake (zip 56531) resident is $49,276 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYElbow Lake, MinnesotaUnited States
  5.4%6.0%
  -0.1%-6.2%
  22.4%33.5%
  6.9%6.2%
  7.1%4.6%
  $31,282$31,177
  $55,949$57,652
  $63,306$70,850
  POPULATION BY OCCUPATION
  6.0%1.3%
  0.2%0.6%
  11.5%6.2%
  9.8%10.4%
  1.6%2.7%
  13.6%11.6%
  2.6%4.1%
  1.5%0.9%
  0.6%2.1%
  5.7%4.7%
  0.0%1.9%
  4.7%6.7%
  0.0%0.1%
  1.9%4.3%
  8.6%9.3%
  18.5%13.8%
  1.3%2.2%
  4.3%7.4%
  4.9%4.9%
  2.9%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 6%)
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    Elbow Lake (zip 56531)


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