Zip 56050 (Kasota, MN) Economy


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Kasota, Minnesota is a small village located in Le Sueur County with a population of 56050. The average 2 Bedroom rent in Kasota is $890 which is substantially lower than the US average 2 bedroom rent of $1,430. Grocery Cost Index in Kasota is 100, which is same as the index in the US.
Kasota offers many local businesses such as Ace Hardware & Appliance, Yost Garage Doors and Openers, White Tractor Company and Uptown Café. There are also several banks like First National Bank of Le Sueur and Choice Financial Group. All these businesses offer great services to the local community.

Kasota (zip 56050) has an unemployment rate of 6.8%. The US average is 6.0%.

Kasota (zip 56050) 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 31.0%, which is lower than the US average of 33.5%.

Tax Rates for Kasota (zip 56050)
- The Sales Tax Rate for Kasota (zip 56050) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Kasota (zip 56050) 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 Kasota (zip 56050)
- The average income of a Kasota (zip 56050) resident is $25,111 a year. The US average is $28,555 a year.
- The Median household income of a Kasota (zip 56050) resident is $75,139 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyKasota, MinnesotaUnited States
  6.86
  -3.4%-6.2%
  31.0%33.5%
  6.9%6.2%
  7.1%4.6%
  $33,696$37,638
  $75,139$69,021
  $85,526$85,028
  Population by Occupation
  3.6%1.2%
  0.6%0.5%
  7.1%6.8%
  17.8%10.0%
  2.9%2.5%
  12.1%11.0%
  4.4%4.8%
  0.3%0.8%
  0.7%1.9%
  1.8%4.7%
  0.4%1.9%
  3.1%7.6%
  0.0%0.1%
  7.9%4.2%
  7.8%9.3%
  18.9%14.0%
  0.8%2.1%
  2.4%7.0%
  2.9%4.8%
  4.6%4.7%
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