Zip 55779 (Saginaw, MN) Economy


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United States / Minnesota / Duluth Metro Area / St. Louis County / No City / Saginaw (zip 55779)
Saginaw, MN (55779) is a city located in St. Louis County and boasts a population of approximately 8,000 people. The 2 Bedroom rent in this area is $1,450 which is slightly higher than the national average of $1,430. With regard to grocery costs, Saginaw's index is 100 which is on par with the US average.
Saginaw offers its residents plenty of amenities such as excellent schools, parks and recreation facilities and an array of local businesses and services. To name a few notable companies based in Saginaw include: Basin Natural Foods Grocery Store; Northern Mountain Supply; Saginaw Communications & Technology; and Bi-State Building Supplies. These companies provide employment to many locals and provide residents with the goods they need to thrive in this community.

Saginaw (zip 55779) has an unemployment rate of 4.8%. The US average is 6.0%.

Saginaw (zip 55779) has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.

Tax Rates for Saginaw (zip 55779)
- The Sales Tax Rate for Saginaw (zip 55779) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Saginaw (zip 55779) 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 Saginaw (zip 55779)
- The average income of a Saginaw (zip 55779) resident is $29,686 a year. The US average is $28,555 a year.
- The Median household income of a Saginaw (zip 55779) resident is $87,700 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySaginaw, MinnesotaUnited States
  4.86
  -4.0%-6.2%
  29.9%33.5%
  7.4%6.2%
  7.1%4.6%
  $38,903$37,638
  $87,700$69,021
  $100,179$85,028
  Population by Occupation
  0.3%1.2%
  1.1%0.5%
  8.5%6.8%
  6.6%10.0%
  0.7%2.5%
  12.3%11.0%
  6.5%4.8%
  1.4%0.8%
  0.4%1.9%
  2.6%4.7%
  1.4%1.9%
  7.7%7.6%
  0.4%0.1%
  2.8%4.2%
  8.0%9.3%
  21.4%14.0%
  1.1%2.1%
  7.7%7.0%
  4.2%4.8%
  4.9%4.7%
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