The small town of 55080 Stanchfield, Minnesota has an affordable cost of living compared to the US average. The 2 bedroom rent in this area is $1,880 which is significantly lower than the US 2 bedroom rent at $1,430. This makes it a great option for those looking to save money on housing costs. In addition to this, grocery costs are also relatively low in 55080 Stanchfield with a grocery cost index of 99 versus 100 in the US.
The town boasts several local businesses that make it attractive for those looking to buy local goods and services. Some notable companies include Stanchfield Grocery Store, Northstar Dairy Products and Star Lake Auto Body Repair & Restoration. These companies offer excellent services and products that add to the positive atmosphere of 55080 Stanchfield.
All-in-all, 55080 Stanchfield is an attractive place for those looking for an affordable cost of living while still having access to good quality products and services from local businesses.
Stanchfield (zip 55080) has an unemployment rate of 6.2%. The US average is 6.0%.
Stanchfield (zip 55080) has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 36.2%, which is higher than the US average of 33.5%.
Tax Rates for Stanchfield (zip 55080)
- The Sales Tax Rate for Stanchfield (zip 55080) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Stanchfield (zip 55080) 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 Stanchfield (zip 55080)
- The average income of a Stanchfield (zip 55080) resident is $29,486 a year. The US average is $28,555 a year.
- The Median household income of a Stanchfield (zip 55080) resident is $90,179 a year. The US average is $69,021 a year.