Zip 56725 (Goodridge, MN) Economy


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United States / Minnesota / No Metro Area / Pennington County / No City / Goodridge (zip 56725)
56725 Goodridge, MN is home to a number of businesses from different industries. The cost of renting a two bedroom apartment in the area is $960, which is slightly lower than the average rental cost across the US at $1,430. In addition, the grocery cost index in this area is 94 versus 100 in the US. Examples of local companies include Goodridge Automotive and Repair Services which specializes in auto repairs and Lakewood Antiques where customers can browse antiques dating back over 200 years. Other notable businesses include The Windmill Café & Bakery offering freshly baked goods and snacks, and Northern Service Inc providing quality repair services for boats. With its competitive rent costs and variety of businesses, 56725 Goodridge, MN offers something for everyone!

Goodridge (zip 56725) has an unemployment rate of 5.7%. The US average is 6.0%.

Goodridge (zip 56725) has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 19.9%, which is lower than the US average of 33.5%.

Tax Rates for Goodridge (zip 56725)
- The Sales Tax Rate for Goodridge (zip 56725) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Goodridge (zip 56725) 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 Goodridge (zip 56725)
- The average income of a Goodridge (zip 56725) resident is $30,314 a year. The US average is $37,638 a year.
- The Median household income of a Goodridge (zip 56725) resident is $56,932 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGoodridge, MinnesotaUnited States
  5.76
  -2.2%-6.2%
  19.9%33.5%
  6.9%6.2%
  7.1%4.6%
  $30,314$37,638
  $56,932$69,021
  $67,500$85,028
  Population by Occupation
  16.3%1.2%
  0.9%0.5%
  8.4%6.8%
  12.6%10.0%
  8.4%2.5%
  6.2%11.0%
  6.6%4.8%
  0.4%0.8%
  0.0%1.9%
  3.0%4.7%
  1.1%1.9%
  3.0%7.6%
  0.0%0.1%
  0.2%4.2%
  9.9%9.3%
  10.9%14.0%
  0.0%2.1%
  5.8%7.0%
  4.9%4.8%
  1.5%4.7%
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