55933 Elkton, MN is a small town located in the southeastern part of Minnesota. The estimated population in this area is around 688 people. Rent for two-bedrooms in the Elkton area is relatively affordable at $990 per month compared to the US average of $1,430. Grocery costs are also lower than the national average with a grocery cost index of 94 versus 100 in the US.
Residents of 55933 Elkton, MN have access to local businesses such as NAPA Auto Parts, Ace Hardware, and Dobbelaere Meats & Groceries. For more entertainment options, local Lakeside Golf Course offers 18 holes of golfing fun and Terry’s Hall is available for special events and parties. With its affordability and nearby amenities, 55933 Elkton, MN can be an ideal place to call home.
Elkton (zip 55933) has an unemployment rate of 4.2%. The US average is 6.0%.
Elkton (zip 55933) has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 29.7%, which is lower than the US average of 33.5%.
Tax Rates for Elkton (zip 55933)
- The Sales Tax Rate for Elkton (zip 55933) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Elkton (zip 55933) 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 Elkton (zip 55933)
- The average income of a Elkton (zip 55933) resident is $32,649 a year. The US average is $37,638 a year.
- The Median household income of a Elkton (zip 55933) resident is $58,250 a year. The US average is $69,021 a year.