Independence, MN, with a zip code of 55359, is an affordable place to live. The 2 bedroom rent in the area is $1,240 compared to the US average of $1,430. Additionally, grocery costs are only slightly higher than the US index at 105 compared to 100. This small town is home to various local businesses including the Blacksmith Brewing Company and the Backyard Grill & Bar. Both restaurants specialize in craft beers and grilling while providing a unique environment for guests. Other companies located in Independence include H&H Electric & Excavation Services LLC and Agri-Fab Industries Inc., which offers agricultural equipment and garden supplies.
Independence (zip 55359) has an unemployment rate of 4.2%. The US average is 6.0%.
Independence (zip 55359) has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 36.9%, which is higher than the US average of 33.5%.
Tax Rates for Independence (zip 55359)
- The Sales Tax Rate for Independence (zip 55359) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Independence (zip 55359) 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 Independence (zip 55359)
- The average income of a Independence (zip 55359) resident is $43,005 a year. The US average is $28,555 a year.
- The Median household income of a Independence (zip 55359) resident is $118,571 a year. The US average is $69,021 a year.