Slayton, Minnesota (zip code 56172) is a great place to live. The average two bedroom rent cost for this area is $820 compared to the US Two Bedroom Rent average of $1,430. The Grocery Cost Index in Slayton is 94 versus 100 in the US. This means groceries and other necessary items are more affordable in Slayton than elsewhere on average. There are several local companies that make living in this area enjoyable, such as K & R Auto Sales, S & E Truck Equipment and Repair, and J & L Satellite Systems. K & R Auto Sales sells pre-owned automobiles in the Slayton area while S & E Truck Equipment and Repair offers all truck repair services from minor to major repairs. J & L Satellite Systems provides sales and installation of satellite TV systems to homes and businesses in the region.
Slayton (zip 56172) has an unemployment rate of 6.4%. The US average is 6.0%.
Slayton (zip 56172) has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 20.4%, which is lower than the US average of 33.5%.
Tax Rates for Slayton (zip 56172)
- The Sales Tax Rate for Slayton (zip 56172) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Slayton (zip 56172) 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 Slayton (zip 56172)
- The average income of a Slayton (zip 56172) resident is $35,930 a year. The US average is $37,638 a year.
- The Median household income of a Slayton (zip 56172) resident is $68,631 a year. The US average is $69,021 a year.