Northfield, MN 55057 is a charming city surrounded by rivers and lakes with plenty of outdoor activities to enjoy. A two bedroom apartment in the area will cost an average of $1,220 per month, which is about 14% less than the US average of $1,430. Additionally, the cost of groceries in Northfield is higher than the national average, as indicated by the Grocery Cost Index which stands at 101 compared to 100 in the US.
In terms of local businesses, Northfield is home to numerous companies such as Faribault Foods Inc., PDM Steel Service Centers Inc., and American Public Media Group. Restaurants within the city include notable establishments like Ole Store Restaurant & Bar, Pannekoeken Café & Bar and The Contented Cow Pub & Grill. Furthermore there are a variety of parks around Northfield for outdoor recreation such as Carleton College Cowling Arboretum Nature Center and Riverside Park.
Northfield (zip 55057) has an unemployment rate of 4.2%. The US average is 6.0%.
Northfield (zip 55057) has seen the job market increase 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 Northfield (zip 55057)
- The Sales Tax Rate for Northfield (zip 55057) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Northfield (zip 55057) 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 Northfield (zip 55057)
- The average income of a Northfield (zip 55057) resident is $27,130 a year. The US average is $28,555 a year.
- The Median household income of a Northfield (zip 55057) resident is $81,097 a year. The US average is $69,021 a year.