Paynesville, MN is a rural town located in central Minnesota with a population of 2,746 according to the US Census. The cost of living in Paynesville is approximately 4% lower than the national average. The average rent for a two-bedroom unit in Paynesville is $910, while the national average rent for a two-bedroom unit is $1,430. Grocery cost index in Paynesville is 97 compared to 100 nationally.
Paynesville is home to many amenities and businesses including Lake Country Power, the local electricity provider, as well as Lakeside Foods and Carlos Creek Winery which are popular tourist attractions. Other popular establishments include B&L Bar & Grill and Buck Stop Pizza which serve delicious food. There are also several parks and outdoor spaces such as Texas Rapids Park and Campground and Maplewood State Park for those who enjoy nature activities.
Paynesville (zip 56362) has an unemployment rate of 4.7%. The US average is 6.0%.
Paynesville (zip 56362) has seen the job market decrease by -2.4% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.
Tax Rates for Paynesville (zip 56362)
- The Sales Tax Rate for Paynesville (zip 56362) is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Paynesville (zip 56362) 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 Paynesville (zip 56362)
- The average income of a Paynesville (zip 56362) resident is $39,372 a year. The US average is $37,638 a year.
- The Median household income of a Paynesville (zip 56362) resident is $69,537 a year. The US average is $69,021 a year.