The small city of Peterson, MN (population 55962) offers an affordable rental market for those looking for a two bedroom home. The average cost of rent for a two bedroom unit in Peterson is $850 compared to the US average of $1,430. Additionally, the area's Grocery Cost Index is 98 versus the national average of 100, making it a great option for budget conscious shoppers. Local companies such as Peterson Properties, Royal Properties and Becker Real Estate Group can provide assistance to renters looking for a place in the city.
Peterson (zip 55962) has an unemployment rate of 4.7%. The US average is 6.0%.
Peterson (zip 55962) has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 29.3%, which is lower than the US average of 33.5%.
Tax Rates for Peterson (zip 55962)
- The Sales Tax Rate for Peterson (zip 55962) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Peterson (zip 55962) 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 Peterson (zip 55962)
- The average income of a Peterson (zip 55962) resident is $29,740 a year. The US average is $37,638 a year.
- The Median household income of a Peterson (zip 55962) resident is $59,063 a year. The US average is $69,021 a year.