Zip 56637 (Talmoon, MN) Economy


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United States / Minnesota / No Metro Area / Itasca County / No City / Talmoon (zip 56637)
The small town of Talmoon, Minnesota (Zip Code 56637) has much to offer its residents. The average rent for a 2 bedroom in the area is very affordable at $960 per month compared to the national average of $1,430. Shopping in Talmoon is also relatively inexpensive due to a grocery cost index that is 96 compared to the US index of 100.
Residents could shop at Bullseye Country Store or A&J Hardware & Rental for all of their needs. Talmoon also offers plenty of outdoor activities due to it being surrounded by lakes and wildlife areas such as Birch Lake and Kettle River State Park. This makes it an ideal place for fishing, hunting, canoeing, kayaking, swimming and camping. Moreover, the small town atmosphere in Talmoon provides a cozy and safe environment which makes it very desirable place to live.

Talmoon (zip 56637) has an unemployment rate of 6.2%. The US average is 6.0%.

Talmoon (zip 56637) has seen the job market decrease by -1.9% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.

Tax Rates for Talmoon (zip 56637)
- The Sales Tax Rate for Talmoon (zip 56637) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Talmoon (zip 56637) 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 Talmoon (zip 56637)
- The average income of a Talmoon (zip 56637) resident is $36,315 a year. The US average is $37,638 a year.
- The Median household income of a Talmoon (zip 56637) resident is $88,125 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyTalmoon, MinnesotaUnited States
  6.26
  -1.9%-6.2%
  20.5%33.5%
  6.9%6.2%
  7.1%4.6%
  $36,315$37,638
  $88,125$69,021
  $89,125$85,028
  Population by Occupation
  9.9%1.2%
  0.0%0.5%
  16.0%6.8%
  4.9%10.0%
  9.9%2.5%
  1.2%11.0%
  12.3%4.8%
  9.9%0.8%
  1.2%1.9%
  0.0%4.7%
  0.0%1.9%
  1.2%7.6%
  0.0%0.1%
  0.0%4.2%
  3.7%9.3%
  14.8%14.0%
  1.2%2.1%
  4.9%7.0%
  8.6%4.8%
  0.0%4.7%
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