Zip 56294 (Wanda, MN) Economy


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United States / Minnesota / No Metro Area / Redwood County / Wanda / Wanda (zip 56294)
56294 Wanda, Minnesota is a small, rural town with a population of approximately 200 people. It has an affordable cost of living, as evidenced by the two bedroom rent being $810 - much lower than the US average of $1,430. Moreover, groceries are typically cheaper here than in the rest of the country, with an index rating of 92 versus 100 in the US. This makes 56294 Wanda a great place to live and work for those looking for an affordable lifestyle.
The town also offers a few local businesses to its residents. The local grocery store, Kautz Foods, sells high-quality produce and other goods at competitive prices. For medical care, there is Sojourner’s Clinic which provides preventative and acute care services to the community. For legal services, Brody Law Firm provides trustworthy representation to individuals in need of legal assistance. Finally, R&R Auto Repair offers repair services for all types of vehicles at reasonable rates.

Wanda (zip 56294) has an unemployment rate of 5.5%. The US average is 6.0%.

Wanda (zip 56294) 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 Wanda (zip 56294)
- The Sales Tax Rate for Wanda (zip 56294) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Wanda (zip 56294) 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 Wanda (zip 56294)
- The average income of a Wanda (zip 56294) resident is $30,094 a year. The US average is $28,555 a year.
- The Median household income of a Wanda (zip 56294) resident is $69,583 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWanda, MinnesotaUnited States
  5.56
  0.4%-6.2%
  5.0%33.5%
  6.9%6.2%
  7.1%4.6%
  $50,576$37,638
  $69,583$69,021
  $69,028$85,028
  Population by Occupation
  1.8%1.2%
  0.0%0.5%
  18.2%6.8%
  23.6%10.0%
  16.4%2.5%
  0.0%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  25.5%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  0.0%9.3%
  5.5%14.0%
  0.0%2.1%
  0.0%7.0%
  5.5%4.8%
  3.6%4.7%
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