56641 Federal Dam, MN is a small city located in Cass County with a population of 282 people. It offers a peaceful lifestyle with easy access to Lake Leech and other natural attractions. The 2 Bedroom Rent in the city is $900 which is much lower than the US average of $1,430. The Grocery Cost Index in 56641 Federal Dam, MN is 97 compared to 100 in the US, making it an affordable place for groceries. The town offers numerous recreational activities such as hiking, biking, camping, swimming and fishing due to its proximity to Lake Leech. There are also local businesses such as Tammy’s Country Store which offers general merchandise and fresh produce. Other notable places include Clementson Park and Marina, Anderson's Campground & Resort and Bobo’s Bar & Grill.
Federal Dam (zip 56641) has an unemployment rate of 8.4%. The US average is 6.0%.
Federal Dam (zip 56641) has seen the job market decrease by -5.2% over the last year. Future job growth over the next ten years is predicted to be 51.3%, which is higher than the US average of 33.5%.
Tax Rates for Federal Dam (zip 56641)
- The Sales Tax Rate for Federal Dam (zip 56641) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Federal Dam (zip 56641) 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 Federal Dam (zip 56641)
- The average income of a Federal Dam (zip 56641) resident is $21,645 a year. The US average is $37,638 a year.
- The Median household income of a Federal Dam (zip 56641) resident is $55,000 a year. The US average is $69,021 a year.