56068 Minnesota Lake, MN is a small city located in the region of Southwest Minnesota. It has a population of just over 400 people and provides its citizens with many modern amenities. The average 2 Bedroom Rent for the area is $900, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index for 56068 Minnesota Lake is 96 versus 100 in the US.
There are a number of local businesses operating within 56068 Minnesota Lake, MN such as Hansen Agri-Placement Services, Stokke Farm Equipment, and Klockman Farms. All three companies provide quality services to the citizens of Minnesota Lake such as agricultural services and farm equipment repairs and maintenance. Moreover, there are also several restaurants like Avanti's Pizza & Subs and Dairy King that offer delicious food at reasonable prices to residents of this small city.
Minnesota Lake (zip 56068) has an unemployment rate of 5.2%. The US average is 6.0%.
Minnesota Lake (zip 56068) has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 21.7%, which is lower than the US average of 33.5%.
Tax Rates for Minnesota Lake (zip 56068)
- The Sales Tax Rate for Minnesota Lake (zip 56068) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Minnesota Lake (zip 56068) 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 Minnesota Lake (zip 56068)
- The average income of a Minnesota Lake (zip 56068) resident is $35,791 a year. The US average is $37,638 a year.
- The Median household income of a Minnesota Lake (zip 56068) resident is $68,558 a year. The US average is $69,021 a year.