Hardwick, MN is a small town located in the southern part of Minnesota with an estimated population of 56134. The average two-bedroom rent in the area is $890 which is significantly lower than the national two-bedroom rent rate at $1,430. With a grocery cost index of 94, shoppers can find goods and services at more affordable prices compared to other areas around the country where the Grocery Cost Index is rated at 100. Hardwick has become a great place for young professionals and families alike to set down roots due to its low cost of living and friendly atmosphere. There are various local companies such as Hardwick Electric Co., Ervin Motorsports LLC, K&J Farming Inc., and Smith Trucking Co. that provide jobs and help boost the economy in Hardwick.
Hardwick (zip 56134) has an unemployment rate of 2.7%. The US average is 6.0%.
Hardwick (zip 56134) has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 27.3%, which is lower than the US average of 33.5%.
Tax Rates for Hardwick (zip 56134)
- The Sales Tax Rate for Hardwick (zip 56134) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Hardwick (zip 56134) 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 Hardwick (zip 56134)
- The average income of a Hardwick (zip 56134) resident is $22,313 a year. The US average is $28,555 a year.
- The Median household income of a Hardwick (zip 56134) resident is $53,333 a year. The US average is $69,021 a year.