Geneva is a small city located in Freeborn County, Minnesota. This quaint town has a population of around 56035. It is known for its vibrant community and strong local businesses. Two Bedroom rent in Geneva is $880, which is significantly lower than the US average of $1,430. Furthermore, grocery cost index in Geneva is 96 versus 100 in the US which makes it an affordable place to live. \nLocal companies in Geneva include Freeborn-Mower Cooperative Services, Bremer Bank, Gateway Family Practice Clinic, and Star Satellite TV. These businesses provide valuable services to the community while also creating job opportunities for locals. Other notable businesses include Tony’s Pizza & Subs, The Main Stop Café & Bakery, and Freeborn County Co-Op Country Store.
Geneva (zip 56035) has an unemployment rate of 4.5%. The US average is 6.0%.
Geneva (zip 56035) has seen the job market decrease by -0.4% 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 Geneva (zip 56035)
- The Sales Tax Rate for Geneva (zip 56035) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Geneva (zip 56035) 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 Geneva (zip 56035)
- The average income of a Geneva (zip 56035) resident is $23,107 a year. The US average is $28,555 a year.
- The Median household income of a Geneva (zip 56035) resident is $56,964 a year. The US average is $69,021 a year.