Zip 56274 (Norcross, MN) Economy


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United States / Minnesota / No Metro Area / Grant County / Norcross / Norcross (zip 56274)
Norcross, MN (zip code 56274) is a small town with a population of 1,010 people. Despite its small size, Norcross offers plenty of amenities to residents. The cost of living in Norcross is low compared to the rest of the United States; two bedroom rent in Norcross is $820, while it is $1,430 in the US on average. Additionally, the Grocery Cost Index in Norcross is 94 versus 100 in the US. \nA few local businesses that serve Norcross are Country Market & Deli and Rohlik Performance Automotive. Country Market & Deli specializes in convenience store items and freshly made sandwiches and snacks for takeout. Meanwhile, Rohlik Performance Automotive provides automotive repairs and maintenance services for all makes and models of cars and trucks. All in all, Norcross offers its residents an affordable place to live with plenty of local shops to enjoy.

Norcross (zip 56274) has an unemployment rate of 5.4%. The US average is 6.0%.

Norcross (zip 56274) has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 22.4%, which is lower than the US average of 33.5%.

Tax Rates for Norcross (zip 56274)
- The Sales Tax Rate for Norcross (zip 56274) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Norcross (zip 56274) 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 Norcross (zip 56274)
- The average income of a Norcross (zip 56274) resident is $39,154 a year. The US average is $37,638 a year.
- The Median household income of a Norcross (zip 56274) resident is $100,714 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNorcross, MinnesotaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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