Zip 55027 (Goodhue, MN) Economy


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Goodhue, Minnesota (zip code 55027) is a small city located on the Mississippi River in Goodhue County. It is known for its scenic views and outdoor activities such as biking, fishing, and boating. The city is home to a few locally owned companies, including the Honeycreek Farm, Brandys Apple Orchard & Bakery, and Red Wing Scrub Supply.
The cost of living in Goodhue is relatively affordable compared to other areas in the United States. According to recent data, a two-bedroom apartment would cost around $1,080 per month - which is significantly lower than the national average of $1,430. Additionally, grocery costs are also slightly lower than the national average with an index score of 99 compared to 100.

Goodhue (zip 55027) has an unemployment rate of 4.6%. The US average is 6.0%.

Goodhue (zip 55027) has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 28.0%, which is lower than the US average of 33.5%.

Tax Rates for Goodhue (zip 55027)
- The Sales Tax Rate for Goodhue (zip 55027) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Goodhue (zip 55027) 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 Goodhue (zip 55027)
- The average income of a Goodhue (zip 55027) resident is $28,218 a year. The US average is $28,555 a year.
- The Median household income of a Goodhue (zip 55027) resident is $82,171 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGoodhue, MinnesotaUnited States
  4.66
  -4.1%-6.2%
  28.0%33.5%
  7.4%6.2%
  7.1%4.6%
  $32,749$37,638
  $82,171$69,021
  $92,167$85,028
  Population by Occupation
  17.3%1.2%
  0.1%0.5%
  7.6%6.8%
  14.1%10.0%
  2.7%2.5%
  8.2%11.0%
  3.2%4.8%
  1.2%0.8%
  1.1%1.9%
  1.6%4.7%
  0.3%1.9%
  1.0%7.6%
  0.0%0.1%
  1.1%4.2%
  5.5%9.3%
  19.6%14.0%
  1.8%2.1%
  5.5%7.0%
  4.6%4.8%
  3.6%4.7%
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