Luverne, MN is a small town located in Rock County. The population here is estimated to be around 4,800 people. The average 2 bedroom rent in Luverne is significantly lower than the national average at $870 per month. The Grocery Cost Index in Luverne is 98 compared to the US’s 100. A variety of businesses have been established in this small city, including First Farmers & Merchants National Bank, Hi-Tech Electric, and Kuehl's Capo Valley Café & Bakery. These local companies provide a great way for citizens to support their community and enjoy the products and services they offer.
Luverne (zip 56156) has an unemployment rate of 2.7%. The US average is 6.0%.
Luverne (zip 56156) has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 27.3%, which is lower than the US average of 33.5%.
Tax Rates for Luverne (zip 56156)
- The Sales Tax Rate for Luverne (zip 56156) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Luverne (zip 56156) 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 Luverne (zip 56156)
- The average income of a Luverne (zip 56156) resident is $25,624 a year. The US average is $28,555 a year.
- The Median household income of a Luverne (zip 56156) resident is $69,211 a year. The US average is $69,021 a year.