Vermillion, MN (zip code 55085) is a small town in Dakota County with a population of around 5,700. The average two-bedroom rent rate in Vermillion is $1,240 which is slightly lower than the US average of $1,430. Grocery costs are also quite favorable in Vermillion, with an index of 100 compared to the US average index of 100. In addition to affordable housing and groceries, there are several local businesses and amenities that can be found in Vermillion. Notable businesses include O’Reilly Auto Parts, Dollar General, and Vermillion Hardware & Appliance Co., while local amenities include the community pool at Harry Cunningham Park and the YMCA. With its low cost of living and selection of stores and recreational activities, Vermillion makes for a great place to call home.
Vermillion (zip 55085) has an unemployment rate of 4.1%. The US average is 6.0%.
Vermillion (zip 55085) has seen the job market decrease by -3.7% over the last year. Future job growth over the next ten years is predicted to be 36.7%, which is higher than the US average of 33.5%.
Tax Rates for Vermillion (zip 55085)
- The Sales Tax Rate for Vermillion (zip 55085) is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Vermillion (zip 55085) 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 Vermillion (zip 55085)
- The average income of a Vermillion (zip 55085) resident is $37,635 a year. The US average is $37,638 a year.
- The Median household income of a Vermillion (zip 55085) resident is $89,167 a year. The US average is $69,021 a year.