The small town of 56263 Milroy, MN is a great place to live for those desiring an affordable lifestyle. The 2 bedroom rent in the area is estimated to be around $820 per month which is significantly lower than the US 2 bedroom rent average of $1,430. Grocery Cost Index in Milroy is 95 versus 100 in the US, making it more cost-effective for residents. Local companies such as First Farmers & Merchants Bank, Pronto Printing and Design and Thrifty White Pharmacy are all businesses within Milroy that provide services and employment opportunities to its citizens. All things considered, 56263 Milroy, MN provides an excellent quality of life with its balance of affordability and local amenities.
Milroy (zip 56263) has an unemployment rate of 5.5%. The US average is 6.0%.
Milroy (zip 56263) has seen the job market decrease by -2.8% over the last year. Future job growth over the next ten years is predicted to be 5.0%, which is lower than the US average of 33.5%.
Tax Rates for Milroy (zip 56263)
- The Sales Tax Rate for Milroy (zip 56263) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Milroy (zip 56263) 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 Milroy (zip 56263)
- The average income of a Milroy (zip 56263) resident is $29,456 a year. The US average is $28,555 a year.
- The Median household income of a Milroy (zip 56263) resident is $63,125 a year. The US average is $69,021 a year.