The city of St. Cloud, Minnesota (56301) is an ideal place to live due to its affordability. The average 2 bedroom rent in the area comes in at around $1,030 while the national average is much higher at $1,430. Additionally, grocery cost index for the city is 98 compared to the US average of 100 making it a very affordable place to live.
St. Cloud offers many local businesses that help make it a great place to call home. A few notable businesses include St. Cloud Toyota, Central Minnesota Credit Union, Coborn's Inc., and Miller Auto Plaza. St. Cloud Toyota provides quality vehicles and excellent service for all their customers; Central Minnesota Credit Union offers financial services such as checking accounts, savings accounts and loan options; Coborn's Inc., is a leading grocery store chain in St. Cloud; and Miller Auto Plaza sells new and used vehicles from all different brands! All these businesses play an important role in making St. Cloud a wonderful city to call home!
St. Cloud (zip 56301) has an unemployment rate of 5.8%. The US average is 6.0%.
St. Cloud (zip 56301) has seen the job market decrease by -2.5% over the last year. Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%.
Tax Rates for St. Cloud (zip 56301)
- The Sales Tax Rate for St. Cloud (zip 56301) is 7.6%. The US average is 7.3%.
- The Income Tax Rate for St. Cloud (zip 56301) 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 St. Cloud (zip 56301)
- The average income of a St. Cloud (zip 56301) resident is $29,623 a year. The US average is $37,638 a year.
- The Median household income of a St. Cloud (zip 56301) resident is $61,561 a year. The US average is $69,021 a year.