Randolph, Minnesota (zip code 55065) is an attractive area with a reasonable cost of living. The average two-bedroom rent in Randolph is $1,410, which is slightly lower than the US average of $1,430. Additionally, the grocery cost index in Randolph is 102 compared to 100 nationally. This makes it an affordable place to live for those looking for a comfortable lifestyle.
The town of Randolph boasts various local businesses including The Galaxie Theatre & Cinema Centre, Friesen Plumbing & Heating Co., Inc., and Stegora Electric Supply Co. There are also plenty of dining options such as Thirsty Cowboy Saloon & Eatery and Cracker Barrel Old Country Store. On average, meals at these establishments will range from about $7-$20 depending on what you order.
Randolph (zip 55065) has an unemployment rate of 4.1%. The US average is 6.0%.
Randolph (zip 55065) has seen the job market decrease by -3.7% over the last year. Future job growth over the next ten years is predicted to be 36.7%, which is higher than the US average of 33.5%.
Tax Rates for Randolph (zip 55065)
- The Sales Tax Rate for Randolph (zip 55065) is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Randolph (zip 55065) 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 Randolph (zip 55065)
- The average income of a Randolph (zip 55065) resident is $40,222 a year. The US average is $37,638 a year.
- The Median household income of a Randolph (zip 55065) resident is $101,563 a year. The US average is $69,021 a year.