Miltona, Minnesota (zip code 56354) is a small town located in the north-central part of the state with a population of about 500. The average two bedroom rental in Miltona is much more affordable than the national average, coming in at $860 compared to $1,430. Additionally, the Grocery Cost Index for Miltona is 101 versus 100 for the nation as a whole. This suggests that many goods are slightly more expensive than the rest of the country.
The town offers residents a quiet rural lifestyle with numerous local businesses including KRA Manufacturing Solutions, Daehn & Sons Farms Inc., and Gjovik Ford Inc. There is also easy access to larger cities such as St. Cloud and Minneapolis-Saint Paul for those who need more options and amenities. All things considered, Miltona offers an affordable cost of living that appeals to those seeking a peaceful atmosphere away from bustling urban centers.
Miltona (zip 56354) has an unemployment rate of 4.1%. The US average is 6.0%.
Miltona (zip 56354) has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 36.5%, which is higher than the US average of 33.5%.
Tax Rates for Miltona (zip 56354)
- The Sales Tax Rate for Miltona (zip 56354) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Miltona (zip 56354) 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 Miltona (zip 56354)
- The average income of a Miltona (zip 56354) resident is $40,592 a year. The US average is $37,638 a year.
- The Median household income of a Miltona (zip 56354) resident is $75,956 a year. The US average is $69,021 a year.