Zip 56032 (Freeborn, MN) Economy


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Freeborn, MN (Zipcode 56032) is an ideal place for people looking to rent. Its two bedroom rent is $800 which is much lower than the US two bedroom rent of $1,430. Additionally, Freeborn has a grocery cost index of 91 versus 100 in the US which helps with budgeting for groceries. Freeborn is home to a great selection of companies such as Roers Companies LLC and Yerington Realty & Auctioneering LLC. It also offers plenty of local amenities including numerous parks and recreational opportunities along with an array of restaurants such as Gino’s Pizza & Grill and the Roadhouse Bar & Grill.

Freeborn (zip 56032) has an unemployment rate of 4.5%. The US average is 6.0%.

Freeborn (zip 56032) has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 22.6%, which is lower than the US average of 33.5%.

Tax Rates for Freeborn (zip 56032)
- The Sales Tax Rate for Freeborn (zip 56032) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Freeborn (zip 56032) 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 Freeborn (zip 56032)
- The average income of a Freeborn (zip 56032) resident is $25,455 a year. The US average is $37,638 a year.
- The Median household income of a Freeborn (zip 56032) resident is $54,688 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFreeborn, MinnesotaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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