Karlstad, MN is a small rural town in the northwest corner of Minnesota. With a population of 56732, this quaint community provides a peaceful atmosphere while still offering a wide variety of activities to enjoy. The 2 bedroom rent in Karlstad is $980 compared to the US average of $1,430. The grocery cost index in Karlstad is 93 compared to the national average of 100.
Local businesses in Karlstad include Prairie Peddler Mercantile, Specialty Auto Repair, Godelmann Farms, Inc., and Stewart's Plumbing & Heating. Prairie Peddler Mercantile offers home decor and gifts for all occasions. Specialty Auto Repair provides quality car repair services at an affordable price. Godelmann Farms, Inc. is family owned and operated farm that offers locally grown produce and meats that can be delivered right to your door! Last but not least is Stewart's Plumbing & Heating which specializes in plumbing services for residential and commercial customers alike.
Karlstad (zip 56732) has an unemployment rate of 4.0%. The US average is 6.0%.
Karlstad (zip 56732) has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 18.6%, which is lower than the US average of 33.5%.
Tax Rates for Karlstad (zip 56732)
- The Sales Tax Rate for Karlstad (zip 56732) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Karlstad (zip 56732) 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 Karlstad (zip 56732)
- The average income of a Karlstad (zip 56732) resident is $23,587 a year. The US average is $28,555 a year.
- The Median household income of a Karlstad (zip 56732) resident is $55,069 a year. The US average is $69,021 a year.