Shafer, Minnesota is a small city located in Chisago County with a population of approximately 55074 people. The median rent for a two bedroom apartment in Shafer is $1,240, which is lower than the national average of $1,430. When it comes to the grocery cost index, Shafer's index of 98 is slightly lower than the US average of 100. Businesses and amenities in Shafer include several restaurants such as Broders' Cucina Italiana and The Vault Bar & Grill; specialty shops like Northern Threads and Soulful Habits Boutique; and recreational activities such as Wild Mountain park. Shafer provides an affordable cost of living that appeals to many families looking for a home.
Shafer (zip 55074) has an unemployment rate of 5.4%. The US average is 6.0%.
Shafer (zip 55074) has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 35.3%, which is higher than the US average of 33.5%.
Tax Rates for Shafer (zip 55074)
- The Sales Tax Rate for Shafer (zip 55074) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Shafer (zip 55074) 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 Shafer (zip 55074)
- The average income of a Shafer (zip 55074) resident is $27,050 a year. The US average is $28,555 a year.
- The Median household income of a Shafer (zip 55074) resident is $96,750 a year. The US average is $69,021 a year.