56542 Fosston, is a small city located in Minnesota. The average 2 bedroom rent is $890, which is much lower than the US average of $1,430. Additionally, the grocery cost index in Fosston is 96 which is 4 points lower than the US average. The local economy in 56542 Fosston, MN consists of a few small businesses such as Tri-County Implement Co Inc., R&R Charters & Tours Inc., and Espe Chiropractic Clinic LLC. These businesses provide goods and services to meet the needs of local residents and visitors alike.
Fosston (zip 56542) has an unemployment rate of 4.9%. The US average is 6.0%.
Fosston (zip 56542) has seen the job market decrease by -3.4% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Fosston (zip 56542)
- The Sales Tax Rate for Fosston (zip 56542) is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Fosston (zip 56542) 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 Fosston (zip 56542)
- The average income of a Fosston (zip 56542) resident is $28,621 a year. The US average is $37,638 a year.
- The Median household income of a Fosston (zip 56542) resident is $50,543 a year. The US average is $69,021 a year.