Norwood Young America, MN (55397) is a small city located in Carver County just west of the Twin Cities metropolitan area. It has a population of around 3,500 people and is home to many local businesses such as Norwood Co-op Creamery and Norwood Store. Additionally, there are several attractions available in the area such as the Stone Arch Bridge, Minnehaha Falls Park, Como Zoo & Conservatory, North Mississippi Regional Park, and Marydale Park. The median rent for a two-bedroom apartment in Norwood Young America is $1,230 which is slightly lower than the US average of $1,430 per month. The Grocery Cost Index for Norwood Young America is also 100 compared to 100 in the US.
Norwood Young America (zip 55397) has an unemployment rate of 3.7%. The US average is 6.0%.
Norwood Young America (zip 55397) has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 38.0%, which is higher than the US average of 33.5%.
Tax Rates for Norwood Young America (zip 55397)
- The Sales Tax Rate for Norwood Young America (zip 55397) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Norwood Young America (zip 55397) 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 Norwood Young America (zip 55397)
- The average income of a Norwood Young America (zip 55397) resident is $27,562 a year. The US average is $28,555 a year.
- The Median household income of a Norwood Young America (zip 55397) resident is $80,530 a year. The US average is $69,021 a year.