Reading, MN is a small town in the southeastern part of Minnesota with a population of 56165. The average two bedroom rental cost here is $930 per month, which is significantly lower than the national average of $1,430. The grocery cost index in Reading is 96 compared to the US average of 100. While Reading may be small, it houses several companies that offer various services and products. Some local businesses include Reading Food Center, an independently owned grocery store that provides fresh produce and locally sourced groceries; Model Pharmacy, a family-owned pharmacy that offers prescription medication as well as over-the-counter medicines; and O'Brien Service Co., an HVAC contractor specializing in repairs and installation for heating and air conditioning systems.
Reading (zip 56165) has an unemployment rate of 3.7%. The US average is 6.0%.
Reading (zip 56165) has seen the job market decrease by 0.0% over the last year. Future job growth over the next ten years is predicted to be 22.7%, which is lower than the US average of 33.5%.
Tax Rates for Reading (zip 56165)
- The Sales Tax Rate for Reading (zip 56165) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Reading (zip 56165) 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 Reading (zip 56165)
- The average income of a Reading (zip 56165) resident is $25,050 a year. The US average is $28,555 a year.
- The Median household income of a Reading (zip 56165) resident is $78,125 a year. The US average is $69,021 a year.