Zip 56482 (Wadena, MN) Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
United States / Minnesota / No Metro Area / Wadena County / Wadena / Wadena (zip 56482)
Wadena, MN (zip code 56482) is a small town with a population of 859 people. It offers affordable living costs for those looking to relocate to the area. The median 2 bedroom rent in the area is $840 which is significantly lower than the national average of $1,430. Grocery cost index in Wadena stands at 93 compared to the US average of 100, making it an ideal location for those on a budget. There are plenty of local companies and services in Wadena such as Countryside Veterinary Clinic Pet Care Center, Northwoods Home Medical Equipment Supplies, JD Green Garden & Landscaping LLC, and Great Northern Builders Corporation which offer services ranging from pet care to landscaping and construction work.

Wadena (zip 56482) has an unemployment rate of 6.9%. The US average is 6.0%.

Wadena (zip 56482) has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 4.3%, which is lower than the US average of 33.5%.

Tax Rates for Wadena (zip 56482)
- The Sales Tax Rate for Wadena (zip 56482) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Wadena (zip 56482) 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 Wadena (zip 56482)
- The average income of a Wadena (zip 56482) resident is $20,702 a year. The US average is $28,555 a year.
- The Median household income of a Wadena (zip 56482) resident is $49,789 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWadena, MinnesotaUnited States
  6.96
  0.0%-6.2%
  4.3%33.5%
  7.4%6.2%
  7.1%4.6%
  $26,794$37,638
  $49,789$69,021
  $63,549$85,028
  Population by Occupation
  8.7%1.2%
  0.0%0.5%
  12.0%6.8%
  12.6%10.0%
  5.0%2.5%
  12.0%11.0%
  3.9%4.8%
  0.4%0.8%
  1.4%1.9%
  2.5%4.7%
  0.1%1.9%
  2.6%7.6%
  0.1%0.1%
  2.1%4.2%
  5.9%9.3%
  20.1%14.0%
  0.2%2.1%
  2.7%7.0%
  5.3%4.8%
  2.5%4.7%
Health