Pine City (55063) in the state of Minnesota is a great place to live with its more affordable rent and cost of living. A two bedroom rental in Pine City averages $1,040 per month, while the US average two bedroom rental is $1,430. The Grocery Cost Index for Pine City is 96 compared to the US average of 100.
Local employers here include Northern Biscuits & Bakery, Starr Farms Produce Company, Northland Lumber & Supply Co., White Oak Resort & Campground and Bounty Landscaping. The city also plays host to a variety of festivals throughout the year including the Pine City Pumpkinfest and Pine County Fair along with many other community events like outdoor concerts and farmers markets.
Pine City (zip 55063) has an unemployment rate of 7.7%. The US average is 6.0%.
Pine City (zip 55063) has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Pine City (zip 55063)
- The Sales Tax Rate for Pine City (zip 55063) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Pine City (zip 55063) 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 Pine City (zip 55063)
- The average income of a Pine City (zip 55063) resident is $22,937 a year. The US average is $28,555 a year.
- The Median household income of a Pine City (zip 55063) resident is $64,207 a year. The US average is $69,021 a year.