56279 Pennock, MN is a small town located in Kandiyohi County in the state of Minnesota. Located just over an hour from Minneapolis, this small town offers residents an affordable cost of living. The average 2 bedroom rent here is $870, which is significantly lower than the US average of $1,430. Furthermore, the Grocery Cost Index in 56279 Pennock is 97 compared to 100 in the US, making it more affordable here.
56279 Pennock provides local businesses and services to its community. Several examples include Bakken Oil Sales Company, which offers fuel sales and delivery; Clear Lake Ag Service Inc., which offers agricultural services; and Wiek Insurance Agency Inc., offering insurance products. 56279 Pennock also houses multiple places to shop like Wieser Convenience Store and Store 4 Less Grocery & Deli LLC. There are many restaurants as well such as Main Street Bar & Grill and Barkers Country Inn & Restaurant Inc., providing local dishes to enjoy.
Pennock (zip 56279) has an unemployment rate of 4.9%. The US average is 6.0%.
Pennock (zip 56279) has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 37.1%, which is higher than the US average of 33.5%.
Tax Rates for Pennock (zip 56279)
- The Sales Tax Rate for Pennock (zip 56279) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Pennock (zip 56279) 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 Pennock (zip 56279)
- The average income of a Pennock (zip 56279) resident is $34,629 a year. The US average is $37,638 a year.
- The Median household income of a Pennock (zip 56279) resident is $71,250 a year. The US average is $69,021 a year.