In 55615 Tofte, MN, the 2 bedroom rent is relatively low at $820 compared to the US average of $1,430. This makes it an ideal place to live on a budget. The grocery cost index in 55615 Tofte, MN is 102 versus 100 in the US, making the groceries slightly more expensive than other areas. Local companies such as the North Shore Marketplace, Gunflint Pines Resort and Campground and Sawbill Outfitters offer competitive prices that can be helpful for living expenses. The cost index of these establishments is comparable to the local average, making them great options for shopping or leisure activities within this area.
Tofte (zip 55615) has an unemployment rate of 7.4%. The US average is 6.0%.
Tofte (zip 55615) has seen the job market increase by 12.9% over the last year. Future job growth over the next ten years is predicted to be 55.5%, which is higher than the US average of 33.5%.
Tax Rates for Tofte (zip 55615)
- The Sales Tax Rate for Tofte (zip 55615) is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Tofte (zip 55615) 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 Tofte (zip 55615)
- The average income of a Tofte (zip 55615) resident is $26,216 a year. The US average is $28,555 a year.
- The Median household income of a Tofte (zip 55615) resident is $56,250 a year. The US average is $69,021 a year.