Hamburg, Minnesota (Zip Code 55339) is an excellent place to live. The city has a population of just over 800 people and features a quaint downtown area as well as plenty of green spaces for outdoor recreation. The cost of renting a two-bedroom residence is quite reasonable at $1,200 per month while the average price in the US is slightly higher at $1,430. Grocery costs are also low in Hamburg with an index rating of 99 compared to 100 in the US. The town's economy is mainly based on agriculture with local companies such as Green Acres Farm Supply providing farmers with quality products and services. There are also other businesses located within the city including First National Bank and Prosser Electronics which offer goods and services to both local residents and visitors alike. With its great location, affordable living costs, and thriving local businesses, Hamburg is an ideal place to call home.
Hamburg (zip 55339) has an unemployment rate of 3.7%. The US average is 6.0%.
Hamburg (zip 55339) has seen the job market decrease by -3.6% over the last year. Future job growth over the next ten years is predicted to be 38.0%, which is higher than the US average of 33.5%.
Tax Rates for Hamburg (zip 55339)
- The Sales Tax Rate for Hamburg (zip 55339) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Hamburg (zip 55339) 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 Hamburg (zip 55339)
- The average income of a Hamburg (zip 55339) resident is $39,830 a year. The US average is $37,638 a year.
- The Median household income of a Hamburg (zip 55339) resident is $83,125 a year. The US average is $69,021 a year.