Hibbing, MN is a great place to live with its low 2 bedroom rent of $830, compared to the US average of $1,430. It's also more affordable for groceries, as Hibbing has a Grocery Cost Index of 92 versus 100 in the US. There are plenty of local companies to choose from such as Iron Range Oxygen Supply Company and IMC Mining Company. Neighbourhoods include Central Avenue, Monumental Heights, and West Side-North Hibbing area. All these neighborhoods offer great amenities such as public parks and libraries for residents to enjoy.
Hibbing (zip 55746) has an unemployment rate of 4.8%. The US average is 6.0%.
Hibbing (zip 55746) has seen the job market decrease by -4.0% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Hibbing (zip 55746)
- The Sales Tax Rate for Hibbing (zip 55746) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Hibbing (zip 55746) 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 Hibbing (zip 55746)
- The average income of a Hibbing (zip 55746) resident is $30,833 a year. The US average is $37,638 a year.
- The Median household income of a Hibbing (zip 55746) resident is $49,818 a year. The US average is $69,021 a year.