Okabena, MN (56161) is a peaceful and charming rural town located in southwestern Minnesota. It has a population of approximately 500 people and offers a variety of activities for all ages. The average two-bedroom rent in Okabena is $830, significantly lower than the national average of $1,430. The grocery cost index is also 93 versus 100 in the US, making it an attractive and affordable place to live.
The town boasts several notable businesses including K&R Grub & Pub restaurant, Yuba Lake State Park, All Seasons Resort and Campground and Okabena Dreams Boutique. Day trips to nearby cities like Marshall and Worthington are popular among locals as well as visitors who come to fish on Yuba Lake or explore the area's beautiful landscapes. No matter what your interests or budget may be, there is something for everyone in Okabena!
Okabena (zip 56161) has an unemployment rate of 4.3%. The US average is 6.0%.
Okabena (zip 56161) has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 6.7%, which is lower than the US average of 33.5%.
Tax Rates for Okabena (zip 56161)
- The Sales Tax Rate for Okabena (zip 56161) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Okabena (zip 56161) 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 Okabena (zip 56161)
- The average income of a Okabena (zip 56161) resident is $41,248 a year. The US average is $37,638 a year.
- The Median household income of a Okabena (zip 56161) resident is $83,750 a year. The US average is $69,021 a year.