56339 Hoffmann, Minnesota is located in Stearns County, about an hour from Minneapolis. It is a small, rural community with a population of only 662 people. The median household income is $63,333 and the median home value is $180,000. Rent for 2 bedroom apartments in 56339 Hoffman is very affordable at just $810 per month. Grocery costs are also competitive with an index of 96 compared to the US average of 100.
In terms of local businesses, 56339 Hoffman has several stores and restaurants that serve the local community including Hope Creamery, D&D Meats and Seafood Market, Sartell Variety Store, and Zorbaz Pizza. There are also several services in the area such as Central Minnesota Roofing Solutions and TLC Floors & Interiors Inc., that help keep homes running smoothly.
Overall 56339 Hoffman offers residents a great quality of life thanks to its low cost of living and nearby amenities. Rent for two bedroom apartments averages $810 per month while grocery costs remain competitive at 96 on the index compared to the US average of 100. With its numerous local businesses residents can easily access services as well as find enjoyable places to shop and eat out without breaking their budget.
Hoffman (zip 56339) has an unemployment rate of 5.4%. The US average is 6.0%.
Hoffman (zip 56339) has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 22.4%, which is lower than the US average of 33.5%.
Tax Rates for Hoffman (zip 56339)
- The Sales Tax Rate for Hoffman (zip 56339) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Hoffman (zip 56339) 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 Hoffman (zip 56339)
- The average income of a Hoffman (zip 56339) resident is $23,204 a year. The US average is $28,555 a year.
- The Median household income of a Hoffman (zip 56339) resident is $50,000 a year. The US average is $69,021 a year.