Zip 55604 (Grand Marais, MN) Economy


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United States / Minnesota / No Metro Area / Cook County / Grand Marais / Grand Marais (zip 55604)
Grand Marais, MN is a beautiful town located in the northeast corner of Minnesota along the shores of Lake Superior. This charming location offers an array of outdoor activities like camping, fishing, and kayaking for those looking to get away from it all. One of the main attractions is Artist's Point where visitors can enjoy stunning views of the lake. The 2 Bedroom rent in Grand Marais is $830 which is much lower than the US average rent at $1,430. Further cost savings can be found with the grocery cost index in Grand Marais which is 103 versus 100 in the US on average. Local businesses include Sunnyside Up Bakery & Cafe, Gunflint Hills Golf Course, Voyageur Brewing Co., and North House Folk School as well as many other small stores and eateries nestled among the picturesque landscape.

Grand Marais (zip 55604) has an unemployment rate of 7.4%. The US average is 6.0%.

Grand Marais (zip 55604) has seen the job market increase by 12.9% over the last year. Future job growth over the next ten years is predicted to be 55.5%, which is higher than the US average of 33.5%.

Tax Rates for Grand Marais (zip 55604)
- The Sales Tax Rate for Grand Marais (zip 55604) is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Grand Marais (zip 55604) 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 Grand Marais (zip 55604)
- The average income of a Grand Marais (zip 55604) resident is $37,259 a year. The US average is $28,555 a year.
- The Median household income of a Grand Marais (zip 55604) resident is $66,014 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGrand Marais, MinnesotaUnited States
  7.46
  -9.6%-6.2%
  55.5%33.5%
  8.4%6.2%
  7.1%4.6%
  $36,730$37,638
  $66,014$69,021
  $83,452$85,028
  Population by Occupation
  2.0%1.2%
  0.0%0.5%
  8.0%6.8%
  1.4%10.0%
  1.5%2.5%
  15.2%11.0%
  2.0%4.8%
  0.0%0.8%
  1.0%1.9%
  1.7%4.7%
  1.4%1.9%
  7.3%7.6%
  0.0%0.1%
  2.1%4.2%
  13.1%9.3%
  10.0%14.0%
  6.9%2.1%
  14.4%7.0%
  5.2%4.8%
  6.9%4.7%
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