Taunton, Minnesota (zip code 56291) is a small city located in the southwestern corner of the state. It has an estimated population of just over 1,000 residents and is known for its peaceful atmosphere and friendly locals. Residents of Taunton can find affordable two bedroom rentals for around $810 a month making it a great option for those on a budget. Groceries are relatively inexpensive as well with the grocery cost index at 93 compared to 100 in the US.
Taunton offers many small businesses that give it its unique charm such as Grains n' Goodies, an antique store filled with vintage finds; 4 Seasons Nursery and Garden Center, which provides locally grown plants and outdoor decorations; Newman's Market, which specializes in fresh produce; and Peterson Repair & Welding which handles automotive repairs and more.
In addition to businesses, visitors and locals alike can enjoy various local attractions like Big Stone Lake State Park for fishing, camping, swimming or kayaking; Traverse County Historical Society Museum for learning about the area’s history; Paulista Coffeehouse for coffee or pastries; or The Barn Theater & Event Center where you can catch some live music performances or special events. With its affordable living costs and wide range of attractions, Taunton is an ideal place to call home!
Taunton (zip 56291) has an unemployment rate of 4.2%. The US average is 6.0%.
Taunton (zip 56291) has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 22.0%, which is lower than the US average of 33.5%.
Tax Rates for Taunton (zip 56291)
- The Sales Tax Rate for Taunton (zip 56291) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Taunton (zip 56291) 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 Taunton (zip 56291)
- The average income of a Taunton (zip 56291) resident is $24,917 a year. The US average is $28,555 a year.
- The Median household income of a Taunton (zip 56291) resident is $53,393 a year. The US average is $69,021 a year.