Racine, Minnesota is a small town located in Wabasha County with a population of 55967. The average 2 bedroom rent in Racine is $930 which is much lower than the US average of $1,430. Additionally, Grocery Cost Index in Racine is 98 versus 100 in the US, making it more affordable to buy groceries in this rural town. Local businesses include Casey's General Store, Fisher's Supervalu, and Blue Heron Coffee Roasters. Casey's General Store provides convenience items and food items while Fisher's Supervalu offers groceries and services such as catering and online ordering for pick up. Blue Heron Coffee Roasters specializes in freshly roasted coffee beans and locally-sourced products such as jams and syrups. These businesses provide a variety of necessary services to the residents of Racine, Minnesota.
Racine (zip 55967) has an unemployment rate of 4.2%. The US average is 6.0%.
Racine (zip 55967) has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 29.7%, which is lower than the US average of 33.5%.
Tax Rates for Racine (zip 55967)
- The Sales Tax Rate for Racine (zip 55967) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Racine (zip 55967) 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 Racine (zip 55967)
- The average income of a Racine (zip 55967) resident is $35,255 a year. The US average is $37,638 a year.
- The Median household income of a Racine (zip 55967) resident is $92,813 a year. The US average is $69,021 a year.