Heron Lake, MN (56137) is a quaint city with an affordable cost of living. The average 2 bedroom rent in Heron Lake is $800, significantly lower than the US average of $1,430. The Grocery Cost Index in this area is also lower than the US average at 93 versus 100. This makes it an ideal place to live for those looking to save money and still enjoy all the local amenities. Local companies such as Heron Lake Supermarket, Prairie State Bank and Trust, and Main Street Cafe are popular within the community. According to recent census data, Heron Lake has a population of 966 people as of 2019.
Heron Lake (zip 56137) has an unemployment rate of 4.3%. The US average is 6.0%.
Heron Lake (zip 56137) has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 6.7%, which is lower than the US average of 33.5%.
Tax Rates for Heron Lake (zip 56137)
- The Sales Tax Rate for Heron Lake (zip 56137) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Heron Lake (zip 56137) 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 Heron Lake (zip 56137)
- The average income of a Heron Lake (zip 56137) resident is $35,338 a year. The US average is $37,638 a year.
- The Median household income of a Heron Lake (zip 56137) resident is $71,250 a year. The US average is $69,021 a year.