Montevideo is a city located in Chippewa County, Minnesota. It has an estimated population of 5,626 people according to the most recent census data. The two bedroom rent for this area is $830 which is lower than the US average of $1,430. In addition, the grocery cost index is 92 compared to the US average of 100.
The city of Montevideo offers a variety of local businesses. This includes the Berean Church Thrift Store, which provides low-cost and used products for sale; Cenex Convenience Store and Gas Station; Dunn Brothers Coffee House & Bakery; Montevideo Public Library; Riverside Dental Clinic; Main Street Veterinary Clinic; and Dennis & Gail’s Body Shop for vehicle repair services. Other places include Montevideo High School, Montevideo Middle School, Chippewa County Historical Society Museum, and Kitten Catfish Park.
Montevideo (zip 56265) has an unemployment rate of 4.4%. The US average is 6.0%.
Montevideo (zip 56265) 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 Montevideo (zip 56265)
- The Sales Tax Rate for Montevideo (zip 56265) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Montevideo (zip 56265) 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 Montevideo (zip 56265)
- The average income of a Montevideo (zip 56265) resident is $32,656 a year. The US average is $37,638 a year.
- The Median household income of a Montevideo (zip 56265) resident is $60,389 a year. The US average is $69,021 a year.