Holyoke, MN is a small city located in the southeast corner of Minnesota, just along the border with Iowa. It's an area that has seen tremendous growth over recent years, as evidenced by its population of 5,574 people in 2019. The cost of living in Holyoke is quite affordable; two-bedroom apartments can be rented for $1,110 per month while the US national average hovers around $1,430 each month. Additionally, grocery costs are 97 compared to 100 on the US average index. There are several local companies operating in the area including H&R Agri-Power Inc., a farm equipment dealership and repair service; Crossroads Grocery Store & Deli; and Dragan Excavating LLC., a construction firm providing residential and commercial services. With relatively low rental rates, groceries costs below the national average and plenty of employment opportunities from local businesses, Holyoke offers an attractive option for those looking to settle into an affordable community with plenty of amenities.
Holyoke (zip 55749) has an unemployment rate of 5.3%. The US average is 6.0%.
Holyoke (zip 55749) has seen the job market decrease by -3.8% over the last year. Future job growth over the next ten years is predicted to be 30.6%, which is lower than the US average of 33.5%.
Tax Rates for Holyoke (zip 55749)
- The Sales Tax Rate for Holyoke (zip 55749) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Holyoke (zip 55749) 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 Holyoke (zip 55749)
- The average income of a Holyoke (zip 55749) resident is $35,376 a year. The US average is $37,638 a year.
- The Median household income of a Holyoke (zip 55749) resident is $73,125 a year. The US average is $69,021 a year.