56571 Ottertail, MN is a great place to live due to its affordability. The average 2 bedroom rent in the area is $870, much lower than the national average of $1,430. Along with affordable housing, grocery costs are also cheaper in 56571 Ottertail, MN as the Grocery Cost Index is the same as the US index of 100. There are several local companies that provide services and products such as Otter Tail Corporation and Flying J Ranch & Kennel. Otter Tail Corporation serves as a diversified energy provider for areas in Minnesota and North Dakota while Flying J Ranch & Kennel offers boarding services for pets and horses. Both companies have been around for many years and continue to provide quality services for residents in the 56571 Ottertail area.
Ottertail (zip 56571) has an unemployment rate of 5.3%. The US average is 6.0%.
Ottertail (zip 56571) has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Ottertail (zip 56571)
- The Sales Tax Rate for Ottertail (zip 56571) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Ottertail (zip 56571) 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 Ottertail (zip 56571)
- The average income of a Ottertail (zip 56571) resident is $29,490 a year. The US average is $28,555 a year.
- The Median household income of a Ottertail (zip 56571) resident is $75,417 a year. The US average is $69,021 a year.