Finland, Minnesota, with a zip code of 55603, is a comfortable small town located in the north of the state. It offers many amenities for its residents such as access to Northern Lights Electric Co-op energy services, community banking services from United Community Bank, and medical care from Lakeview Medical Center. The two bedroom rent in Finland is $890 per month which is much lower than the national average of $1,430. Additionally, grocery costs are significantly lower than the US average at 96 on the cost index versus 100 in the US. These factors make Finland an affordable place to live with plentiful opportunities for work and leisure activities.
Finland (zip 55603) has an unemployment rate of 5.1%. The US average is 6.0%.
Finland (zip 55603) has seen the job market decrease by -7.7% over the last year. Future job growth over the next ten years is predicted to be 36.7%, which is higher than the US average of 33.5%.
Tax Rates for Finland (zip 55603)
- The Sales Tax Rate for Finland (zip 55603) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Finland (zip 55603) 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 Finland (zip 55603)
- The average income of a Finland (zip 55603) resident is $31,417 a year. The US average is $37,638 a year.
- The Median household income of a Finland (zip 55603) resident is $53,281 a year. The US average is $69,021 a year.