The small town of Wannaska, Minnesota (zip code 56761) offers a great quality of life for those seeking affordable living expenses. The average two-bedroom rent in Wannaska is only $870, over 40% lower than the US average of $1430. This low cost of living is reflected in other areas as well, such as the grocery cost index which is 96 versus 100 in the US. Residents can easily save money by shopping at local stores like Brekke’s Grocery Store or Wannaska Marketplace which offer competitive prices on all the necessities. For example, Brekke’s Grocery Store sells 1 gallon of milk for just $2 while the national average for this item is around $3. All these factors make Wannaska a great place to call home for those looking to save some money.
Wannaska (zip 56761) has an unemployment rate of 3.9%. The US average is 6.0%.
Wannaska (zip 56761) has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 8.8%, which is lower than the US average of 33.5%.
Tax Rates for Wannaska (zip 56761)
- The Sales Tax Rate for Wannaska (zip 56761) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Wannaska (zip 56761) 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 Wannaska (zip 56761)
- The average income of a Wannaska (zip 56761) resident is $27,632 a year. The US average is $37,638 a year.
- The Median household income of a Wannaska (zip 56761) resident is $56,250 a year. The US average is $69,021 a year.