The small town of Grove City, Minnesota (zip code 56243) is a great place to live for those looking for a peaceful and affordable lifestyle. The cost of living in Grove City is quite low compared to the rest of the United States, with an average 2 bedroom rent being just $870 per month compared to $1,430 in the US. Grocery costs are also lower than average in Grove City with an index score of 95 versus 100 in the US.
Local businesses in Grove City range from grocery stores and restaurants like The Choo Choo Diner and American Legion Post 645, to retail stores such as Main Street Outfitters or Reichert’s Shoes & Repair. There are also several services available for residents including All Seasons Pest Solutions, Edge Lawn Care & Snow Removal and Whalen Insurance Agency.
Grove City (zip 56243) has an unemployment rate of 5.2%. The US average is 6.0%.
Grove City (zip 56243) has seen the job market decrease by -2.0% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Grove City (zip 56243)
- The Sales Tax Rate for Grove City (zip 56243) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Grove City (zip 56243) 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 Grove City (zip 56243)
- The average income of a Grove City (zip 56243) resident is $28,584 a year. The US average is $37,638 a year.
- The Median household income of a Grove City (zip 56243) resident is $60,333 a year. The US average is $69,021 a year.