Zip 56027 (Elmore, MN) Economy


Reviews



BestPlaces offers the best, most comprehensive city reports,
with insight into cost of living, crime, climate, and more.
United States / Minnesota / No Metro Area / Faribault County / Elmore / Elmore (zip 56027)
equestId":"362e7772-a72b-40ee-9cb5-3be8fbf898b8","resource":"content","data":[{"id":"txt_5460d4ecbe4343dfa1c99ca39b70be9c","text":" \nElmore, Minnesota is a small city located in Faribault County with a total population of 560. The average 2 bedroom rent for this area is quite low compared to the US average, standing at $670 verses the national rate of $1,430. The grocery cost index stands at 91 whereas the US index is 100. Local businesses in Elmore include Elmore Mini Storage, Cornerstone Bar & Grill, and Welu Hardware Hank.

Elmore (zip 56027) has an unemployment rate of 5.2%. The US average is 6.0%.

Elmore (zip 56027) 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 21.7%, which is lower than the US average of 33.5%.

Tax Rates for Elmore (zip 56027)
- The Sales Tax Rate for Elmore (zip 56027) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Elmore (zip 56027) 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 Elmore (zip 56027)
- The average income of a Elmore (zip 56027) resident is $55,150 a year. The US average is $37,638 a year.
- The Median household income of a Elmore (zip 56027) resident is $44,674 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyElmore, MinnesotaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
Health

The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.