55396 Winthrop, MN is a small town located in Sibley County. This community provides an excellent quality of life with its affordable cost of living and close proximity to larger cities for shopping and entertainment. The 2 Bedroom rent in the area is $860 compared to the national average of $1,430, making it particularly attractive for renters and homeowners alike. Grocery costs are also quite low, with an index of 96 compared to 100 nationally. Local businesses include Winthrop Hardware, Main Street Bakery & Coffee Shop, M&H Market, and Tavern on Main. With its relaxed atmosphere and affordability, 55396 Winthrop MN is a great place to live for those looking for a safe and affordable place to raise a family or retire comfortably.
Winthrop (zip 55396) has an unemployment rate of 5.3%. The US average is 6.0%.
Winthrop (zip 55396) has seen the job market decrease by -2.9% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.
Tax Rates for Winthrop (zip 55396)
- The Sales Tax Rate for Winthrop (zip 55396) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Winthrop (zip 55396) 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 Winthrop (zip 55396)
- The average income of a Winthrop (zip 55396) resident is $35,358 a year. The US average is $37,638 a year.
- The Median household income of a Winthrop (zip 55396) resident is $62,056 a year. The US average is $69,021 a year.