Schroeder, Minnesota (55613) is a small town located in Cook County on the North Shore of Lake Superior. It is home to about 250 people who enjoy fishing, boating, and other outdoor activities in this scenic land. The local economy of Schroeder is largely driven by tourism as well as some agriculture. There are a few small businesses in the area such as the Fish House restaurant and bar, Bay View Gifts, Schroeder Kayak Adventures, and Split Rock Lighthouse State Park. The 2 bedroom rent in the area averages $810 which is lower compared to the national average of $1,430. Moreover, groceries are more affordable here with a grocery cost index of 100 compared to 100 for the United States overall. All things considered, living in Schroeder is quite affordable and can be a great place for those who enjoy nature and small-town life.
Schroeder (zip 55613) has an unemployment rate of 7.4%. The US average is 6.0%.
Schroeder (zip 55613) has seen the job market increase by 12.9% over the last year. Future job growth over the next ten years is predicted to be 55.5%, which is higher than the US average of 33.5%.
Tax Rates for Schroeder (zip 55613)
- The Sales Tax Rate for Schroeder (zip 55613) is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Schroeder (zip 55613) 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 Schroeder (zip 55613)
- The average income of a Schroeder (zip 55613) resident is $32,359 a year. The US average is $28,555 a year.
- The Median household income of a Schroeder (zip 55613) resident is $60,625 a year. The US average is $69,021 a year.