55366 New Auburn, MN is a great place to live for those looking for an affordable cost of living while still enjoying the convenience of the city. With a two bedroom rent of $870 compared to the US average of $1,430, this small city offers a more budget-friendly option. Additionally, grocery costs are even lower than in most other parts of the country with an index score of 93 versus the US average 100. Local businesses such as Faribault Family Foods and Hwy 25 Auto Sales have the benefit of being able to offer lower prices due to these costs savings, making them attractive options for residents looking for quality goods or services in this area.
New Auburn (zip 55366) has an unemployment rate of 5.3%. The US average is 6.0%.
New Auburn (zip 55366) 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 29.8%, which is lower than the US average of 33.5%.
Tax Rates for New Auburn (zip 55366)
- The Sales Tax Rate for New Auburn (zip 55366) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for New Auburn (zip 55366) 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 New Auburn (zip 55366)
- The average income of a New Auburn (zip 55366) resident is $25,848 a year. The US average is $37,638 a year.
- The Median household income of a New Auburn (zip 55366) resident is $46,250 a year. The US average is $69,021 a year.