The small city of 56296 Wheaton, MN is a great place for those looking for an affordable cost of living. The 2 bedroom rent in the area is just $750 compared to the national average of $1,430, making it 65% less expensive than the US average. Additionally, grocery costs in 56296 Wheaton are also much lower than the national average; with an index rating of 93 compared to 100 in the US. Not only does 56296 Wheaton offer an affordable cost of living but it also has plenty to do for its residents. There are local companies like Schock Shelled Corn Inc., One Stop Convenience Store, and Big Muddy Services that provide residents with convenience services like fuel and groceries. With so much to offer at such a low price, it’s no wonder why 56296 Wheaton is such a great place to call home.
Wheaton (zip 56296) has an unemployment rate of 5.0%. The US average is 6.0%.
Wheaton (zip 56296) has seen the job market decrease by -1.4% over the last year. Future job growth over the next ten years is predicted to be 25.5%, which is lower than the US average of 33.5%.
Tax Rates for Wheaton (zip 56296)
- The Sales Tax Rate for Wheaton (zip 56296) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Wheaton (zip 56296) 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 Wheaton (zip 56296)
- The average income of a Wheaton (zip 56296) resident is $34,733 a year. The US average is $37,638 a year.
- The Median household income of a Wheaton (zip 56296) resident is $50,224 a year. The US average is $69,021 a year.