Walnut Grove, Minnesota is a fantastic place to call home. With an approximate population of 545 and the median 2 bedroom rent at $760 per month, it is very affordable for those working in the area. In addition, the grocery cost index here is 94 compared to 100 in the US. \nThere are several great local companies located in Walnut Grove including Traut Well Company which specializes in providing high quality well drilling services. Another great local company, A & M Feeds and Supplies, provides animal feed and supplies to clients throughout the area. Finally, Thorson Plumbing & Heating offers reliable plumbing and heating services to ensure that all homes stay comfortable year-round. Together these businesses provide valuable services to residents of Walnut Grove and its surrounding areas.
Walnut Grove (zip 56180) has an unemployment rate of 5.5%. The US average is 6.0%.
Walnut Grove (zip 56180) 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 Walnut Grove (zip 56180)
- The Sales Tax Rate for Walnut Grove (zip 56180) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Walnut Grove (zip 56180) 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 Walnut Grove (zip 56180)
- The average income of a Walnut Grove (zip 56180) resident is $20,543 a year. The US average is $28,555 a year.
- The Median household income of a Walnut Grove (zip 56180) resident is $58,934 a year. The US average is $69,021 a year.