56573 Perham, MN is a great place to call home. Located in Otter Tail County, it offers small-town living with big-city amenities. The city boasts plenty of parks, lakes, and outdoor recreational activities for those who love nature. It's also a great spot for businesses to thrive—the local economy boasts companies such as Sensor Technologies Inc., Fischer Homes Inc., and Smokin' Moose Lodge & Resort. Because of the city's low population density, 2 bedroom rent in Perham is $880 which is lower than the US average of $1,430. Additionally, the grocery cost index in Perham is 99 versus 100 in the US; making Perham a very affordable place to live with a good quality of life.
Perham (zip 56573) has an unemployment rate of 5.3%. The US average is 6.0%.
Perham (zip 56573) has seen the job market decrease by -1.0% 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 Perham (zip 56573)
- The Sales Tax Rate for Perham (zip 56573) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Perham (zip 56573) 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 Perham (zip 56573)
- The average income of a Perham (zip 56573) resident is $35,400 a year. The US average is $37,638 a year.
- The Median household income of a Perham (zip 56573) resident is $63,065 a year. The US average is $69,021 a year.