New Munich, MN is a small city located in central Minnesota. It has a population of around 563, and is home to several local businesses and attractions. For those looking for a place to live, the average two-bedroom rent in New Munich is $970 which is significantly lower than the U.S. average of $1,430. Grocery costs are also much lower here with an index score of 95 compared to 100 across the country. Local grocery stores include Richter's Grocery and Country Store which offers reasonably priced produce and other items, as well as Schoenberg Foods which boasts high quality meats and fresh fruits & vegetables. Other attractions in this small town include the Michael’s Amusement Park where families can enjoy rides, games, and mini golfing; and The Wooded Refuge which provides outdoor activities like fishing and camping.
New Munich (zip 56356) has an unemployment rate of 4.7%. The US average is 6.0%.
New Munich (zip 56356) has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.
Tax Rates for New Munich (zip 56356)
- The Sales Tax Rate for New Munich (zip 56356) is 7.1%. The US average is 7.3%.
- The Income Tax Rate for New Munich (zip 56356) 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 Munich (zip 56356)
- The average income of a New Munich (zip 56356) resident is $21,794 a year. The US average is $28,555 a year.
- The Median household income of a New Munich (zip 56356) resident is $77,656 a year. The US average is $69,021 a year.