The town of Red Wing, Minnesota (zip code 55066) is a picturesque place known for its excellent educational opportunities, outdoor recreation, distinctive shops and restaurants. The average rent for a two-bedroom apartment in the area is $910, which is significantly cheaper than the national average of $1,430. Grocery costs in Red Wing are also relatively low with an index score of 98 versus 100 in the US. This makes it an attractive option for families looking to live a more affordable lifestyle. Local businesses such as Red Wing Shoes, Pixel Farm and Banfill-Locke Center for the Arts provide ample opportunity for employment while still allowing you to take full advantage of all that Red Wing has to offer. The cost of living here is very reasonable making it an ideal place to call home.
Red Wing (zip 55066) has an unemployment rate of 4.6%. The US average is 6.0%.
Red Wing (zip 55066) has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 28.0%, which is lower than the US average of 33.5%.
Tax Rates for Red Wing (zip 55066)
- The Sales Tax Rate for Red Wing (zip 55066) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Red Wing (zip 55066) 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 Red Wing (zip 55066)
- The average income of a Red Wing (zip 55066) resident is $28,975 a year. The US average is $28,555 a year.
- The Median household income of a Red Wing (zip 55066) resident is $64,603 a year. The US average is $69,021 a year.