Zip 55073 (Scandia, MN) Economy


Reviews



BestPlaces offers the best, most comprehensive city reports,
with insight into cost of living, crime, climate, and more.
Scandia, MN is a small town located in Washington County with a population of about 2,000 people. Its 2 bedroom rent is relatively low compared to the US national average at $1,210 versus $1,430. Additionally, Scandia’s Grocery Cost Index (104) is also slightly lower than the national average (100). The town offers many local businesses and stores to its residents including Checkers Foods, Lundeen’s Country Store, St Croix Valley Golf Course & Pro Shop, and Nordby's Hardware. There are also plenty of dining options including The Woods Cafe & Bar and The Venice Café & Catering that offer delicious food options for locals and visitors alike.

Scandia (zip 55073) has an unemployment rate of 3.9%. The US average is 6.0%.

Scandia (zip 55073) has seen the job market decrease by -3.7% over the last year. Future job growth over the next ten years is predicted to be 36.4%, which is higher than the US average of 33.5%.

Tax Rates for Scandia (zip 55073)
- The Sales Tax Rate for Scandia (zip 55073) is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Scandia (zip 55073) 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 Scandia (zip 55073)
- The average income of a Scandia (zip 55073) resident is $47,983 a year. The US average is $37,638 a year.
- The Median household income of a Scandia (zip 55073) resident is $119,188 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyScandia, MinnesotaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
Health

The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.