55975 Spring Valley, MN is located close to a variety of local businesses. It is situated within a mile of Hy-Vee Grocery Store and Faribault Family Aquatic Center. Additionally, there are several restaurants nearby including Grand China Buffet, The Main Café & Grill, and Pizza Ranch. Two bedroom rent in the area is $970 which is significantly lower than the national average of $1430. In addition to the cost of rent being lower than the national average, the grocery cost index for this area is 96 versus 100 in the US. This makes living in 55975 Spring Valley, MN an affordable option for many people looking to live close to amenities at a reasonable price.
Spring Valley (zip 55975) has an unemployment rate of 4.7%. The US average is 6.0%.
Spring Valley (zip 55975) has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 29.3%, which is lower than the US average of 33.5%.
Tax Rates for Spring Valley (zip 55975)
- The Sales Tax Rate for Spring Valley (zip 55975) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Spring Valley (zip 55975) 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 Spring Valley (zip 55975)
- The average income of a Spring Valley (zip 55975) resident is $32,715 a year. The US average is $37,638 a year.
- The Median household income of a Spring Valley (zip 55975) resident is $70,625 a year. The US average is $69,021 a year.