56548 Halstad, MN is a small town in Minnesota with a population of 711 people according to the most recent census. It has a low cost of living relative to its surroundings, as evidenced by the 2 bedroom rent of $810, which is significantly lower than the US average of $1,430. Similarly, the Grocery Cost Index in 56548 Halstad is 94 compared to 100 across the US. Locally-owned cafes and restaurants like Jeannie's Bakery and Cafe and Pizza Ranch are popular in 56548 Halstad offering dishes at affordable prices for all residents. Shopping can be done at stores like The Flower House and Hensel Woods True Value Hardware Store which offer quality goods at reasonable prices. All these factors combined make 56548 Halstad an attractive place to live for those looking for a low-cost lifestyle with access to local amenities.
Halstad (zip 56548) has an unemployment rate of 5.7%. The US average is 6.0%.
Halstad (zip 56548) has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 17.2%, which is lower than the US average of 33.5%.
Tax Rates for Halstad (zip 56548)
- The Sales Tax Rate for Halstad (zip 56548) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Halstad (zip 56548) 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 Halstad (zip 56548)
- The average income of a Halstad (zip 56548) resident is $33,114 a year. The US average is $37,638 a year.
- The Median household income of a Halstad (zip 56548) resident is $50,556 a year. The US average is $69,021 a year.