Zip 56575 (Ponsford, MN) Economy


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United States / Minnesota / No Metro Area / Becker County / No City / Ponsford (zip 56575)
56575 Ponsford, MN is a beautiful, small town located in Becker County. This rural community offers locals a peaceful atmosphere and access to many outdoor activities. 2 Bedroom Rent in Ponsford is $880, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Ponsford is 97 compared to 100 in the US. There are several local businesses in town such as The Country Store for grocery needs, Heather's Cafe for delicious home-style cooking, and Peterson's Automotive Service for auto repair services. Residents of 56575 Ponsford will enjoy the benefits of living in such an affordable community with easy access to local amenities.

Ponsford (zip 56575) has an unemployment rate of 5.3%. The US average is 6.0%.

Ponsford (zip 56575) has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%.

Tax Rates for Ponsford (zip 56575)
- The Sales Tax Rate for Ponsford (zip 56575) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Ponsford (zip 56575) 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 Ponsford (zip 56575)
- The average income of a Ponsford (zip 56575) resident is $24,788 a year. The US average is $37,638 a year.
- The Median household income of a Ponsford (zip 56575) resident is $48,125 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPonsford, MinnesotaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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