56158 Magnolia, MN is a quiet town in the United States with a population of about 200 people. The rent for two-bedroom apartments in the area is around $880, which is lower than the US average salary of $1430. Furthermore, groceries are cheaper here as well, as the grocery cost index is 94 compared to 100 in the US.
The town has several small businesses and local stores including Miller’s Grocery Store and Hansen Auto Repair. There are also several restaurants like Log Cabin Inn and Magnolia’s Café that serve delicious cuisine. For entertainment, there are attractions such as the local movie theatre or Silver Lake Splash Park for days out with family or friends. 56158 Magnolia, MN offers its residents a peaceful atmosphere and low living costs that make it an ideal place to live.
Magnolia (zip 56158) has an unemployment rate of 2.7%. The US average is 6.0%.
Magnolia (zip 56158) has seen the job market increase by 2.1% 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 Magnolia (zip 56158)
- The Sales Tax Rate for Magnolia (zip 56158) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Magnolia (zip 56158) 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 Magnolia (zip 56158)
- The average income of a Magnolia (zip 56158) resident is $27,834 a year. The US average is $37,638 a year.
- The Median household income of a Magnolia (zip 56158) resident is $66,875 a year. The US average is $69,021 a year.