Richville, MN is an affluent suburban city located in 56576 zip code. With a population of 8,000 people, Richville has become known for its low cost of living compared to nearby cities. Rent for a two bedroom apartment averages $870 per month, much lower than the US average rent for similar apartments at $1,430 per month. The Grocery Cost Index in Richville is also 102 versus 100 in the US, making groceries more affordable in this city.
Richville is home to many renowned local businesses that contribute to their thriving economy. For instance, Richville Brewing Co. opened its doors in 2012 and specializes in craft beer and outdoor activities such as bocce ball courts and fire pits. Additionally, Burtons Market has been a staple grocer since 1987 offering farm fresh produce and other local products. Lastly, Clark's Diner opened downtown in 2009 offering classic diner fare with a touch of modernity.
In conclusion, Richville is an ideal place to call home due to its low cost of living paired with all the amenities available from local companies like Richville Brewing Co., Burtons Market and Clark's Diner!
Richville (zip 56576) has an unemployment rate of 5.3%. The US average is 6.0%.
Richville (zip 56576) has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Richville (zip 56576)
- The Sales Tax Rate for Richville (zip 56576) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Richville (zip 56576) 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 Richville (zip 56576)
- The average income of a Richville (zip 56576) resident is $37,483 a year. The US average is $37,638 a year.
- The Median household income of a Richville (zip 56576) resident is $67,656 a year. The US average is $69,021 a year.