Zip 56267 (Morris, MN) Economy


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United States / Minnesota / No Metro Area / Stevens County / Morris / Morris (zip 56267)
Morris, MN (zip code 56267) is a small city in Stevens County with a population of 5,286 according to the 2019 US Census. The average 2 bedroom rent rate in Morris is $960, which is significantly lower than the national average of $1,430. Additionally, the Grocery Cost Index in Morris is 99 compared to the US average of 100. This indicates that groceries are slightly cheaper than the national standard there. Companies based out of Morris include Runnings Farm and Fleet supply store, Lakeshore Lifestyle apparel shop and Kaddatz Auctioneering and Farm Equipment Gallery. All of these companies strive to provide quality services to their customers while helping to support their local economy.

Morris (zip 56267) has an unemployment rate of 3.8%. The US average is 6.0%.

Morris (zip 56267) has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 20.4%, which is lower than the US average of 33.5%.

Tax Rates for Morris (zip 56267)
- The Sales Tax Rate for Morris (zip 56267) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Morris (zip 56267) 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 Morris (zip 56267)
- The average income of a Morris (zip 56267) resident is $29,009 a year. The US average is $28,555 a year.
- The Median household income of a Morris (zip 56267) resident is $63,979 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMorris, MinnesotaUnited States
  3.86
  -0.6%-6.2%
  20.4%33.5%
  6.9%6.2%
  7.1%4.6%
  $37,510$37,638
  $63,979$69,021
  $91,017$85,028
  Population by Occupation
  13.8%1.2%
  0.2%0.5%
  8.2%6.8%
  12.7%10.0%
  1.0%2.5%
  10.1%11.0%
  1.8%4.8%
  0.6%0.8%
  0.7%1.9%
  2.3%4.7%
  0.6%1.9%
  1.8%7.6%
  0.0%0.1%
  3.1%4.2%
  13.6%9.3%
  16.8%14.0%
  1.2%2.1%
  5.4%7.0%
  2.1%4.8%
  4.3%4.7%
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