Zip 56589 (Waubun, MN) Economy


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United States / Minnesota / No Metro Area / Becker County / Waubun / Waubun (zip 56589)
56589 Waubun, MN is an area known for its affordability and local businesses. The average two bedroom rental unit costs around $870, which is significantly less than the national average of $1,430. Additionally, grocery cost index at 97 is below the national average of 100. Consequently, Waubun has become a popular destination for people looking to stretch their dollar further. Furthermore, there are a variety of local businesses that help make the community unique and vibrant. These businesses include Waubun Family Restaurant, Niebuhr’s Hardware Store, Waubun Community Center and Little Turtle Market Grocery Store. Each business offers something different but all provide quality services to residents in the community.

Waubun (zip 56589) has an unemployment rate of 5.3%. The US average is 6.0%.

Waubun (zip 56589) has seen the job market increase by 3.4% over the last year. Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%.

Tax Rates for Waubun (zip 56589)
- The Sales Tax Rate for Waubun (zip 56589) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Waubun (zip 56589) 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 Waubun (zip 56589)
- The average income of a Waubun (zip 56589) resident is $25,424 a year. The US average is $37,638 a year.
- The Median household income of a Waubun (zip 56589) resident is $60,313 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWaubun, MinnesotaUnited States
  5.36
  -2.2%-6.2%
  34.0%33.5%
  6.9%6.2%
  7.1%4.6%
  $25,424$37,638
  $60,313$69,021
  $69,792$85,028
  Population by Occupation
  6.3%1.2%
  0.1%0.5%
  13.0%6.8%
  4.0%10.0%
  2.2%2.5%
  4.9%11.0%
  3.6%4.8%
  0.8%0.8%
  0.1%1.9%
  3.7%4.7%
  1.6%1.9%
  0.4%7.6%
  0.0%0.1%
  0.5%4.2%
  9.0%9.3%
  16.2%14.0%
  14.5%2.1%
  4.4%7.0%
  2.5%4.8%
  12.1%4.7%
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