St. Stephen, MN 56375 is a small town located on the border between Minnesota and North Dakota. It is a great place to live, work or raise a family due to its low cost of living. The average 2 bedroom rent in St. Stephen is about $850 per month, much lower than the US average of $1,430. The Grocery Cost Index for St. Stephen is also much lower than the national average at 98 versus 100 in the US.
For those looking for an affordable lifestyle, St. Stephen has many local businesses that provide goods and services at great prices. For groceries there is the Basin Grocery Store which stocks quality food items at low prices. Shopping for clothes can be done at St Stephen’s Department Store with its wide variety of fashionable clothing and shoes for all ages and sizes. Another popular spot for home goods is The Home Depot which offers discounted kitchen appliances, furniture and more. Other local business include a hardware store, several restaurants, beauty salons, banks and other services that are priced lower than similar businesses in larger cities around Minnesota and North Dakota.
St. Stephen (zip 56375) has an unemployment rate of 4.7%. The US average is 6.0%.
St. Stephen (zip 56375) has seen the job market decrease by -2.4% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.
Tax Rates for St. Stephen (zip 56375)
- The Sales Tax Rate for St. Stephen (zip 56375) is 7.1%. The US average is 7.3%.
- The Income Tax Rate for St. Stephen (zip 56375) 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. Stephen (zip 56375)
- The average income of a St. Stephen (zip 56375) resident is $39,253 a year. The US average is $37,638 a year.
- The Median household income of a St. Stephen (zip 56375) resident is $87,596 a year. The US average is $69,021 a year.