Nevis, Minnesota is a small town with a population of 56467 people. It has an affordable cost of living rate as compared to national averages. The rent for a two bedroom apartment in Nevis is $910 which is much lower than the US average at $1,430. The grocery cost index is also quite reasonable at 100 in Nevis versus 100 in the US. There are several local companies that draw people to Nevis like Backlund Construction, AgCountry Farm Credit Services, Good Nature Landscaping & Nursery, Anderson’s Fish House and Dock and many more. People looking for an economical place to call home will find Nevis to be an ideal spot due to its low cost of living and abundance of local businesses.
Nevis (zip 56467) has an unemployment rate of 6.1%. The US average is 6.0%.
Nevis (zip 56467) has seen the job market increase by 6.6% over the last year. Future job growth over the next ten years is predicted to be 45.6%, which is higher than the US average of 33.5%.
Tax Rates for Nevis (zip 56467)
- The Sales Tax Rate for Nevis (zip 56467) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Nevis (zip 56467) 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 Nevis (zip 56467)
- The average income of a Nevis (zip 56467) resident is $26,923 a year. The US average is $28,555 a year.
- The Median household income of a Nevis (zip 56467) resident is $69,375 a year. The US average is $69,021 a year.