Zip 56281 (Prinsburg, MN) Economy


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Prinsburg, MN is a small city located in Minnesota with a population of 809. It is a great place to live for those who are looking for an affordable rent. The average 2 bedroom rent in Prinsburg is $820 per month making it even more attractive to those on a budget. Alongside the competitive rental prices, groceries are also very reasonably priced with an index of 95 compared to the US' 100. Notable companies in Prinsburg include Prinsburg Grain, Redtail Rentals, and Prinsburg Mechanicals. With its low prices and local businesses there are plenty of reasons to consider Prinsburg for your next home!

Prinsburg (zip 56281) has an unemployment rate of 4.9%. The US average is 6.0%.

Prinsburg (zip 56281) 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 Prinsburg (zip 56281)
- The Sales Tax Rate for Prinsburg (zip 56281) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Prinsburg (zip 56281) 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 Prinsburg (zip 56281)
- The average income of a Prinsburg (zip 56281) resident is $29,866 a year. The US average is $28,555 a year.
- The Median household income of a Prinsburg (zip 56281) resident is $92,742 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPrinsburg, MinnesotaUnited States
  4.96
  0.3%-6.2%
  37.1%33.5%
  7.4%6.2%
  7.1%4.6%
  $37,286$37,638
  $92,742$69,021
  $93,226$85,028
  Population by Occupation
  9.2%1.2%
  0.0%0.5%
  14.1%6.8%
  8.0%10.0%
  3.4%2.5%
  3.7%11.0%
  3.4%4.8%
  0.6%0.8%
  1.4%1.9%
  4.6%4.7%
  0.0%1.9%
  2.6%7.6%
  0.0%0.1%
  3.4%4.2%
  9.2%9.3%
  15.8%14.0%
  0.9%2.1%
  2.6%7.0%
  15.5%4.8%
  1.4%4.7%
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