Zumbro Falls, MN is a small city located in Wabasha County. It has a population of 559 people as of the 2018 US Census. The cost of living in Zumbro Falls is slightly below average, with the median rent for a two-bedroom apartment averaging $990 per month. This is significantly lower than the United States average rent for a two bedroom apartment, which is currently $1,430 per month. Additionally, the grocery cost index in Zumbro Falls is 102 versus 100 countrywide.
The city has many local businesses that are essential to its community life. Examples include Apfelbeck Construction, Inc., King's Cafe and Pizzeria, Guenther’s Repair Services, Bob’s Auto Body Shop and Twins True Value Hardware Store. These establishments provide goods and services to the city’s inhabitants while also creating employment opportunities for them.
Zumbro Falls (zip 55991) has an unemployment rate of 4.4%. The US average is 6.0%.
Zumbro Falls (zip 55991) has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 28.5%, which is lower than the US average of 33.5%.
Tax Rates for Zumbro Falls (zip 55991)
- The Sales Tax Rate for Zumbro Falls (zip 55991) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Zumbro Falls (zip 55991) 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 Zumbro Falls (zip 55991)
- The average income of a Zumbro Falls (zip 55991) resident is $40,990 a year. The US average is $37,638 a year.
- The Median household income of a Zumbro Falls (zip 55991) resident is $85,917 a year. The US average is $69,021 a year.