Lansing, MN (55950) is a small city near Minneapolis with a population of 10,000 people. The average two bedroom rent for the area is $990 compared to the US average of $1,430. This makes Lansing an affordable option for many potential renters. There are also numerous local companies in the area such as Apple Valley Printing Company, Coleman Construction, and All Seasons Heating & Cooling. Grocery prices in Lansing are slightly lower than the national average at 92 index points compared to 100 in the US overall. This provides potential residents with a chance to enjoy a quality of life comparable to larger cities at a much lower cost of living.
Lansing (zip 55950) has an unemployment rate of 4.2%. The US average is 6.0%.
Lansing (zip 55950) has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 29.7%, which is lower than the US average of 33.5%.
Tax Rates for Lansing (zip 55950)
- The Sales Tax Rate for Lansing (zip 55950) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Lansing (zip 55950) 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 Lansing (zip 55950)
- The average income of a Lansing (zip 55950) resident is $31,189 a year. The US average is $37,638 a year.
- The Median household income of a Lansing (zip 55950) resident is $39,464 a year. The US average is $69,021 a year.