The small town of Kerrick, Minnesota (55756) is a wonderful place to live with an affordable cost of living. The median rent for a two bedroom apartment in Kerrick is $1,070, which is significantly lower than the U.S. median rent of $1,430. Groceries are also slightly cheaper here as compared to the nation; the Grocery Cost Index in Kerrick is 98 versus 100 in the U.S..
Kerrick is home to many great local businesses that offer products and services at competitive prices. Among these companies are Basswood Auto Repair, which provides reliable automotive repairs at fair prices; Lyles Feed & Grain Store where you can find high-quality pet and farm supplies; and Rivers Edge Bar & Grill, serving up delicious homestyle cuisine. All of these businesses provide excellent services at rates that are comparable or lower than what you'd find nationally.
Kerrick (zip 55756) has an unemployment rate of 7.7%. The US average is 6.0%.
Kerrick (zip 55756) has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Kerrick (zip 55756)
- The Sales Tax Rate for Kerrick (zip 55756) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Kerrick (zip 55756) 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 Kerrick (zip 55756)
- The average income of a Kerrick (zip 55756) resident is $26,468 a year. The US average is $28,555 a year.
- The Median household income of a Kerrick (zip 55756) resident is $62,969 a year. The US average is $69,021 a year.