Lowry, Minnesota is a town of approximately 56349 people located in the Midwest. It is known for its low cost of living, with 2 bedroom rentals costing $940 per month on average. This is significantly cheaper than the US average of $1,430 for similar properties. Additionally, grocery costs are also lower than the national index, with Lowry’s Grocery Cost Index at 97 compared to 100 in the US. Popular local companies include Lowry Manufacturing Industrial Co., Dairy Farmers Of America Cheese Plant, and Root River Hardwood.
Lowry (zip 56349) has an unemployment rate of 4.5%. The US average is 6.0%.
Lowry (zip 56349) has seen the job market decrease by -1.6% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Lowry (zip 56349)
- The Sales Tax Rate for Lowry (zip 56349) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Lowry (zip 56349) 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 Lowry (zip 56349)
- The average income of a Lowry (zip 56349) resident is $36,368 a year. The US average is $37,638 a year.
- The Median household income of a Lowry (zip 56349) resident is $86,250 a year. The US average is $69,021 a year.