Goodland, Minnesota (55742) is a small town in the Midwest with an estimated population of about 800 people. The cost of living in Goodland is relatively low compared to other towns and cities in the US. Rent for a two bedroom apartment is only $980 as compared to the national average of $1,430. Additionally, grocery items cost 97 index points versus 100 points nationally. Due to its low cost of living and small size, many local companies have chosen Goodland as their home base. Some of these companies include Smith Construction Company, Goeke Farms, Brown Tax Service, and Minnesota Community Bank. With its affordable housing prices and a flourishing business community, Goodland is an ideal place to live with a low cost of living.
Goodland (zip 55742) has an unemployment rate of 6.2%. The US average is 6.0%.
Goodland (zip 55742) has seen the job market decrease by -1.9% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.
Tax Rates for Goodland (zip 55742)
- The Sales Tax Rate for Goodland (zip 55742) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Goodland (zip 55742) 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 Goodland (zip 55742)
- The average income of a Goodland (zip 55742) resident is $37,107 a year. The US average is $37,638 a year.
- The Median household income of a Goodland (zip 55742) resident is $68,594 a year. The US average is $69,021 a year.