Zip 56330 (Foreston, MN) Economy


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Foreston, MN (zip code 56330) is an ideal location for people who want to save a bit of money while still having access to all the amenities they need. This small town has two bedroom rental prices of $980, which is significantly lower than the US average of $1,430. Additionally, grocery costs are also relatively low compared to other places in the US with an index of 98 versus 100 in the US. Companies located nearby include Foreston Co-op & Home Center, which sells hardware and lumber supplies; Windy Acres Ag Supply, which offers a variety of farm equipment and crop inputs; and Foreston Trading Post, which provides clothes and gift items. For those looking for an affordable place to live with plenty of local amenities, Foreston is definitely worth considering.

Foreston (zip 56330) has an unemployment rate of 7.9%. The US average is 6.0%.

Foreston (zip 56330) has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 31.9%, which is lower than the US average of 33.5%.

Tax Rates for Foreston (zip 56330)
- The Sales Tax Rate for Foreston (zip 56330) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Foreston (zip 56330) 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 Foreston (zip 56330)
- The average income of a Foreston (zip 56330) resident is $24,559 a year. The US average is $28,555 a year.
- The Median household income of a Foreston (zip 56330) resident is $68,393 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyForeston, MinnesotaUnited States
  7.96
  -3.5%-6.2%
  31.9%33.5%
  7.4%6.2%
  7.1%4.6%
  $31,274$37,638
  $68,393$69,021
  $82,250$85,028
  Population by Occupation
  0.7%1.2%
  0.0%0.5%
  13.2%6.8%
  22.5%10.0%
  0.8%2.5%
  6.2%11.0%
  2.7%4.8%
  0.2%0.8%
  0.9%1.9%
  1.7%4.7%
  0.7%1.9%
  8.1%7.6%
  0.0%0.1%
  2.9%4.2%
  12.2%9.3%
  14.0%14.0%
  0.2%2.1%
  4.2%7.0%
  5.5%4.8%
  3.4%4.7%
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