Ellendale, MN (zip code 56026) is a great place to live due to its affordable rent and cost of living. The average rent for a two-bedroom in Ellendale is $930 which is much lower than the US average of $1,430. Additionally, the Grocery Cost Index in Ellendale is 96 versus 100 in the US indicating that food costs are also comparatively low. This makes Ellendale an attractive choice for many people.
Businesses such as Krekelberg Enterprises, LLC and Nokomis Office Products cater to the needs of locals with a variety of services. Companies such as these have been part of the community for many years but there has been an influx of tech companies moving into the region recently which is contributing to local economic growth. As more people move to Ellendale due to its affordability, businesses continue to expand in order to meet the increasing demand for their services.
Ellendale (zip 56026) has an unemployment rate of 4.9%. The US average is 6.0%.
Ellendale (zip 56026) has seen the job market decrease by -6.2% over the last year. Future job growth over the next ten years is predicted to be 14.8%, which is lower than the US average of 33.5%.
Tax Rates for Ellendale (zip 56026)
- The Sales Tax Rate for Ellendale (zip 56026) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Ellendale (zip 56026) 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 Ellendale (zip 56026)
- The average income of a Ellendale (zip 56026) resident is $35,805 a year. The US average is $37,638 a year.
- The Median household income of a Ellendale (zip 56026) resident is $80,313 a year. The US average is $69,021 a year.