Stephen, Minnesota is a small city located in the northwestern part of the state. The population of Stephen is 5,675 and it offers a quiet lifestyle that many enjoy. The average two bedroom rent in Stephen is $800, which is significantly lower than the national average of $1,430. Additionally, the grocery cost index in Stephen is 93 compared to the national average of 100. Those looking to move to Stephen can check out local companies like D&K Trucking and Construction, Olson Ventures Inc., or Rice Creek Processing Solutions for potential employment opportunities. With its low cost of living and array of local businesses, Stephen makes an attractive option for individuals looking for peaceful living with job prospects nearby.
Stephen (zip 56757) has an unemployment rate of 6.6%. The US average is 6.0%.
Stephen (zip 56757) has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 12.9%, which is lower than the US average of 33.5%.
Tax Rates for Stephen (zip 56757)
- The Sales Tax Rate for Stephen (zip 56757) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Stephen (zip 56757) 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 Stephen (zip 56757)
- The average income of a Stephen (zip 56757) resident is $33,756 a year. The US average is $37,638 a year.
- The Median household income of a Stephen (zip 56757) resident is $75,341 a year. The US average is $69,021 a year.