Royalton, MN (56373) is a small city located in Morrison County, Minnesota. The median two bedroom rent in the area is quite affordable at just $790 per month, which is significantly lower than the national average of $1,430. Similarly, the Grocery Cost Index is also much more affordable in Royalton, with most items costing exactly the same as they would on a national level.
The city of Royalton offers a variety of local businesses and amenities for its residents. One of the most popular places to visit is Kramer’s Cafe & Grill, a cozy diner that serves up delicious American cuisine. Other local favorites include Fanz Pub & Eatery and B&M Bar & Grill. Outdoor recreation can be found at Little Rock Lake Park or local golf courses such as Pine Grove Golf Course and Carrigan Acres Golf Club. There are also plenty of nearby shopping centers to explore such as Walmart Supercenter and Northway Mall Shopping Center.
Royalton (zip 56373) has an unemployment rate of 7.1%. The US average is 6.0%.
Royalton (zip 56373) 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 24.7%, which is lower than the US average of 33.5%.
Tax Rates for Royalton (zip 56373)
- The Sales Tax Rate for Royalton (zip 56373) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Royalton (zip 56373) 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 Royalton (zip 56373)
- The average income of a Royalton (zip 56373) resident is $33,354 a year. The US average is $37,638 a year.
- The Median household income of a Royalton (zip 56373) resident is $72,601 a year. The US average is $69,021 a year.