55736 Floodwood, MN is a small town with plenty of charm and character. It has a population of about 681 people and is located 27 miles northwest of Duluth. It is situated on the banks of the St. Louis River and has an abundance of outdoor activities such as fishing, camping, biking, hiking, and more. The local economy is mainly made up of lumber mills, trucking companies, oil refineries, and printing plants. \nThe average rent for a two-bedroom apartment in 55736 Floodwood is $820 which is lower than the US average of $1,430. The Grocery Cost Index in 55736 Floodwood is 93 versus 100 in the US meaning that groceries are slightly cheaper in 55736 Floodwood compared to other places in the United States. There are many small businesses located within 55736 Floodwood such as Gopher State Timber Inc., TK Trucking Co., Northwoods Oil Refinery Inc., and YM Printing Solutions LLC.
Floodwood (zip 55736) has an unemployment rate of 4.8%. The US average is 6.0%.
Floodwood (zip 55736) has seen the job market decrease by -4.0% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Floodwood (zip 55736)
- The Sales Tax Rate for Floodwood (zip 55736) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Floodwood (zip 55736) 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 Floodwood (zip 55736)
- The average income of a Floodwood (zip 55736) resident is $28,445 a year. The US average is $37,638 a year.
- The Median household income of a Floodwood (zip 55736) resident is $50,852 a year. The US average is $69,021 a year.