55960 Oronoco, MN is a great place to live due to its relatively low 2 bedroom rent at $1,620 compared to the national average of $1,430. Additionally, groceries here are cheaper than in the US with a grocery cost index of 104 versus 100 in the US. There are plenty of places to shop and eat in Oronoco. The main shopping center is the Oronoco Plaza featuring Target and area restaurants like Lehman's Supper Club and Inki-Outi Family Dining. The city also has plenty of outdoor activities such as golfing at the Pine Island Golf Course or fishing on the Zumbro River. It's an ideal place for those looking for a quiet and affordable living experience near the Twin Cities Metropolitan Area.
Oronoco (zip 55960) has an unemployment rate of 3.7%. The US average is 6.0%.
Oronoco (zip 55960) has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 33.6%, which is higher than the US average of 33.5%.
Tax Rates for Oronoco (zip 55960)
- The Sales Tax Rate for Oronoco (zip 55960) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Oronoco (zip 55960) 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 Oronoco (zip 55960)
- The average income of a Oronoco (zip 55960) resident is $45,590 a year. The US average is $28,555 a year.
- The Median household income of a Oronoco (zip 55960) resident is $107,955 a year. The US average is $69,021 a year.