The small town of Nerstrand, MN (55053) is a great place to live for those looking for an affordable lifestyle. 2 Bedroom Rent in the area is $860, considerably lower than the US average of $1,430. Groceries are also relatively inexpensive here with a Grocery Cost Index of 101 compared to 100 in the US. \nSeveral local businesses operate in Nerstrand, including the Nerstrand Market and Eatery, which offers fresh produce and meats; Rademacher’s Meats and Catering, known for its delicious smoked sausages; A-la-Mode Homemade Ice Cream; LaRue’s Bar & Grill; and Fernweh Farms, a small family farm providing fresh vegetables and fruits.
Nerstrand (zip 55053) has an unemployment rate of 4.2%. The US average is 6.0%.
Nerstrand (zip 55053) has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 37.9%, which is higher than the US average of 33.5%.
Tax Rates for Nerstrand (zip 55053)
- The Sales Tax Rate for Nerstrand (zip 55053) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Nerstrand (zip 55053) 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 Nerstrand (zip 55053)
- The average income of a Nerstrand (zip 55053) resident is $34,510 a year. The US average is $37,638 a year.
- The Median household income of a Nerstrand (zip 55053) resident is $84,792 a year. The US average is $69,021 a year.