Milan, MN, with zip code 56262 is a town located in Steele county that is known for its small-town atmosphere and affordable housing. The average 2 bedroom rent for this area is only $730, significantly lower than the national average of $1,430. This affordability extends to the grocery cost index as well; at 91 versus 100 in the US, Milan has very reasonable prices when it comes to groceries.
Local businesses in Milan include restaurants like Little Church Cafe and Pie Pizza and Pub, retail stores such as Crown Jewelers and Milan’s Furniture & Appliance, auto repair shops like Stan’s Auto Service and Machine Shop and many more. With its rural charm and low cost of living, Milan is an ideal place to call home.
Milan (zip 56262) has an unemployment rate of 4.4%. The US average is 6.0%.
Milan (zip 56262) has seen the job market decrease by -2.9% over the last year. Future job growth over the next ten years is predicted to be 24.4%, which is lower than the US average of 33.5%.
Tax Rates for Milan (zip 56262)
- The Sales Tax Rate for Milan (zip 56262) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Milan (zip 56262) 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 Milan (zip 56262)
- The average income of a Milan (zip 56262) resident is $34,952 a year. The US average is $37,638 a year.
- The Median household income of a Milan (zip 56262) resident is $63,611 a year. The US average is $69,021 a year.