Lanesboro, Minnesota, with a population of 55949, is an attractive place to live for many. Rent for a two bedroom apartment is $850 per month, which is quite affordable compared to the US average rent of $1430. The Grocery Cost Index in Lanesboro is 98 versus 100 in the US. There are many local companies situated in Lanesboro such as Kinney Creek Brewery, Amish Oak Furniture & Gifts, and Whalan Public Library. The unemployment rate in Lanesboro is 3%, which is 0.6% lower than the national average of 3.6%. There are also options for higher education at Winona State University-Rochester and Riverland Community College-Austin Campus located just minutes away. All these factors make Lanesboro an ideal place to live with plenty of opportunity for its citizens.
Lanesboro (zip 55949) has an unemployment rate of 4.7%. The US average is 6.0%.
Lanesboro (zip 55949) has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 29.3%, which is lower than the US average of 33.5%.
Tax Rates for Lanesboro (zip 55949)
- The Sales Tax Rate for Lanesboro (zip 55949) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Lanesboro (zip 55949) 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 Lanesboro (zip 55949)
- The average income of a Lanesboro (zip 55949) resident is $32,026 a year. The US average is $37,638 a year.
- The Median household income of a Lanesboro (zip 55949) resident is $66,985 a year. The US average is $69,021 a year.