Janesville, MN (ZIP 56048) is a small town located in the south-central part of Minnesota. It's home to around 2,000 residents and offers many amenities such as restaurants, shops, schools and more. The average rental rate for a two-bedroom apartment in Janesville is $890 per month which is lower than the US average of $1,430. Grocery prices are also lower than the national average with an index score of 96 versus 100 in the US.
The local economy is diverse and includes several large companies such as Mankato Brewmasters Brewing Company, Janesville Bank & Trust Co., O’Reilly Auto Parts Supply Chain Center and many more. The overall cost of living in Janesville is lower than other parts of Minnesota and provides a great option for those looking for affordable housing options.
Janesville (zip 56048) has an unemployment rate of 6.0%. The US average is 6.0%.
Janesville (zip 56048) has seen the job market decrease by -1.9% over the last year. Future job growth over the next ten years is predicted to be 19.9%, which is lower than the US average of 33.5%.
Tax Rates for Janesville (zip 56048)
- The Sales Tax Rate for Janesville (zip 56048) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Janesville (zip 56048) 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 Janesville (zip 56048)
- The average income of a Janesville (zip 56048) resident is $33,401 a year. The US average is $37,638 a year.
- The Median household income of a Janesville (zip 56048) resident is $72,315 a year. The US average is $69,021 a year.