St. Cloud, Minnesota (56303) is a popular destination for many people looking to settle in the Midwest. This beautiful city offers affordable living with a two bedroom rent of $910 compared to the US average of $1,430. Groceries are also more affordable here with a grocery cost index of 96 compared to the national average of 100. St. Cloud is also home to many local businesses that promote their city's economy. Some of these include Coborn's Inc., Capital One Bank, and Central Minnesota Credit Union. These companies provide services such as groceries, banking, and lending options that help keep St. Cloud growing and thriving economically.
St. Cloud (zip 56303) has an unemployment rate of 5.8%. The US average is 6.0%.
St. Cloud (zip 56303) 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 56303)
- The Sales Tax Rate for St. Cloud (zip 56303) is 7.6%. The US average is 7.3%.
- The Income Tax Rate for St. Cloud (zip 56303) 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 56303)
- The average income of a St. Cloud (zip 56303) resident is $32,583 a year. The US average is $37,638 a year.
- The Median household income of a St. Cloud (zip 56303) resident is $59,314 a year. The US average is $69,021 a year.