Zip 56292 (Vesta, MN) Economy


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United States / Minnesota / No Metro Area / Redwood County / Vesta / Vesta (zip 56292)
Vesta, MN, with a population of 56292, is a great place to live if you're looking for affordable housing. The average 2 bedroom rent in Vesta is only $800 compared to the US average of $1,430. The grocery cost index in Vesta is 95 versus 100 in the US making it an even more budget friendly option for many families. Local companies such as Big Sky Industries, Inc., MWL Enterprises and Maas Companies are all located in Vesta providing excellent job opportunities for locals.

Vesta (zip 56292) has an unemployment rate of 5.5%. The US average is 6.0%.

Vesta (zip 56292) has seen the job market decrease by -2.8% over the last year. Future job growth over the next ten years is predicted to be 5.0%, which is lower than the US average of 33.5%.

Tax Rates for Vesta (zip 56292)
- The Sales Tax Rate for Vesta (zip 56292) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Vesta (zip 56292) 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 Vesta (zip 56292)
- The average income of a Vesta (zip 56292) resident is $22,286 a year. The US average is $28,555 a year.
- The Median household income of a Vesta (zip 56292) resident is $70,357 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyVesta, MinnesotaUnited States
  5.56
  0.4%-6.2%
  5.0%33.5%
  6.9%6.2%
  7.1%4.6%
  $28,317$37,638
  $70,357$69,021
  $77,292$85,028
  Population by Occupation
  23.2%1.2%
  0.3%0.5%
  5.6%6.8%
  8.9%10.0%
  8.6%2.5%
  9.3%11.0%
  1.7%4.8%
  1.3%0.8%
  0.7%1.9%
  5.0%4.7%
  1.3%1.9%
  2.0%7.6%
  0.0%0.1%
  2.3%4.2%
  7.3%9.3%
  11.9%14.0%
  0.3%2.1%
  3.6%7.0%
  4.3%4.8%
  2.3%4.7%
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