Zip 55793 (Warba, MN) Economy


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United States / Minnesota / No Metro Area / Itasca County / No City / Warba (zip 55793)
Warba, MN with a population of 55793 is an attractive place to live due to its affordable rent and cost of living. The rental rate for a two bedroom in Warba is $960 per month compared to the US average of $1,430. Grocery costs in Warba have an index of 96 on the US scale, making this area even more budget friendly. Corporate presence in this small town includes the Warba Co-op Grain Elevator as well as several family owned businesses like the Warba Lumberyard and the Warba Trading Post.

Warba (zip 55793) has an unemployment rate of 6.2%. The US average is 6.0%.

Warba (zip 55793) has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.

Tax Rates for Warba (zip 55793)
- The Sales Tax Rate for Warba (zip 55793) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Warba (zip 55793) 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 Warba (zip 55793)
- The average income of a Warba (zip 55793) resident is $26,294 a year. The US average is $28,555 a year.
- The Median household income of a Warba (zip 55793) resident is $58,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWarba, MinnesotaUnited States
  6.26
  -1.9%-6.2%
  20.5%33.5%
  6.9%6.2%
  7.1%4.6%
  $28,953$37,638
  $58,750$69,021
  $69,531$85,028
  Population by Occupation
  1.5%1.2%
  2.2%0.5%
  12.7%6.8%
  11.6%10.0%
  1.5%2.5%
  16.4%11.0%
  8.7%4.8%
  1.8%0.8%
  0.0%1.9%
  1.8%4.7%
  0.0%1.9%
  4.7%7.6%
  0.0%0.1%
  1.8%4.2%
  5.5%9.3%
  17.8%14.0%
  2.9%2.1%
  3.6%7.0%
  2.2%4.8%
  3.3%4.7%
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