56735 Lancaster, MN is a small town located in the Midwest. It has a population of around 1,700 people and offers residents an affordable cost of living compared to other cities in the US. Rent on a 2 bedroom apartment averages $820, which is lower than the US average of $1,430. Grocery costs are also relatively low with an index rating of 93 compared to 100 in the US. Furthermore, there are local businesses that offer discounts to citizens of 56735 Lancaster, MN. Some examples include Old Country Store Antiques & Collectibles which offers 10% off all purchases and Country Gardens which provides a 15% discount on their goods during summer months.
Lancaster (zip 56735) has an unemployment rate of 4.0%. The US average is 6.0%.
Lancaster (zip 56735) 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 Lancaster (zip 56735)
- The Sales Tax Rate for Lancaster (zip 56735) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Lancaster (zip 56735) 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 Lancaster (zip 56735)
- The average income of a Lancaster (zip 56735) resident is $27,793 a year. The US average is $28,555 a year.
- The Median household income of a Lancaster (zip 56735) resident is $59,375 a year. The US average is $69,021 a year.