55968 Reads Landing, MN is an attractive place to invest in due to its convenient location, affordability and low cost of living. The two-bedroom rent in this city is $850 which is significantly lower than the US average at $1,430. Additionally, the Grocery Cost Index here stands at 98 which shows that groceries are cheaper than the US average of 100. As a result of these factors, individuals and families can save more money by investing in 55968 Reads Landing with a low cost of living.
The community has several local businesses such as Read's Landing Winery & Brewery, Cedar Creek Grille & Marina and Riverfront Pub & Eatery. This area also has other attractions for individuals looking to invest here such as fishing spots along the Mississippi River and hiking trails within Great River Bluffs State Park nearby. With so much to offer, 55968 Reads Landing makes it an attractive place to invest and live.
Reads Landing (zip 55968) has an unemployment rate of 4.4%. The US average is 6.0%.
Reads Landing (zip 55968) has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 28.5%, which is lower than the US average of 33.5%.
Tax Rates for Reads Landing (zip 55968)
- The Sales Tax Rate for Reads Landing (zip 55968) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Reads Landing (zip 55968) 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 Reads Landing (zip 55968)
- The average income of a Reads Landing (zip 55968) resident is $26,017 a year. The US average is $28,555 a year.
- The Median household income of a Reads Landing (zip 55968) resident is $53,125 a year. The US average is $69,021 a year.