Zip 55741 (Gilbert, MN) Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
The small but vibrant town of Gilbert, MN (ZIP code 55741) is an ideal place to settle down. With a rent for two bedroom apartments averaging $840 per month, it's a great rental option for those looking to save money. Living costs are also more affordable than the US average, as evidenced by the grocery cost index being 94 compared to 100 in the US.
In Gilbert, there are plenty of local businesses and amenities that make this town unique. The downtown area has many retail stores and restaurants such as Wendy’s, Scoops Ice Cream & Coffee House, and Magic City Café. There are also several local parks including Seaberg Park where locals can go for a picnic or walk around the lake. With its low cost of living and plenty of activities and attractions, it’s no surprise why so many people choose Gilbert as their home.

Gilbert (zip 55741) has an unemployment rate of 4.8%. The US average is 6.0%.

Gilbert (zip 55741) has seen the job market increase by 1.6% 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 Gilbert (zip 55741)
- The Sales Tax Rate for Gilbert (zip 55741) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Gilbert (zip 55741) 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 Gilbert (zip 55741)
- The average income of a Gilbert (zip 55741) resident is $27,388 a year. The US average is $28,555 a year.
- The Median household income of a Gilbert (zip 55741) resident is $57,917 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGilbert, MinnesotaUnited States
  4.86
  -4.0%-6.2%
  29.9%33.5%
  7.4%6.2%
  7.1%4.6%
  $33,643$37,638
  $57,917$69,021
  $76,576$85,028
  Population by Occupation
  0.1%1.2%
  5.5%0.5%
  8.9%6.8%
  9.4%10.0%
  3.4%2.5%
  9.8%11.0%
  3.1%4.8%
  1.2%0.8%
  0.3%1.9%
  4.2%4.7%
  0.5%1.9%
  3.6%7.6%
  0.0%0.1%
  3.9%4.2%
  10.2%9.3%
  17.0%14.0%
  3.3%2.1%
  6.0%7.0%
  4.3%4.8%
  5.3%4.7%
Health