Zip 55992 (Zumbrota, MN) Economy


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55992 Zumbrota, MN is a small city in Minnesota. It offers an affordable cost of living with the average 2 bedroom rent costing $780 compared to the US average of $1430. Grocery costs index in Zumbrota is 99 versus 100 in the US which shows that groceries are more affordable here than elsewhere in the country. There are several well known stores located in 55992 Zumbrota, such as Walmart, Target and Home Depot, where residents can purchase items at discounted prices. Additionally, there are a variety of small stores and family-owned businesses located throughout the area that offer unique items not found elsewhere.

Zumbrota (zip 55992) has an unemployment rate of 4.6%. The US average is 6.0%.

Zumbrota (zip 55992) has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 28.0%, which is lower than the US average of 33.5%.

Tax Rates for Zumbrota (zip 55992)
- The Sales Tax Rate for Zumbrota (zip 55992) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Zumbrota (zip 55992) 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 Zumbrota (zip 55992)
- The average income of a Zumbrota (zip 55992) resident is $28,016 a year. The US average is $28,555 a year.
- The Median household income of a Zumbrota (zip 55992) resident is $73,056 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyZumbrota, MinnesotaUnited States
  4.66
  -4.1%-6.2%
  28.0%33.5%
  7.4%6.2%
  7.1%4.6%
  $36,177$37,638
  $73,056$69,021
  $97,955$85,028
  Population by Occupation
  4.9%1.2%
  0.0%0.5%
  10.3%6.8%
  14.3%10.0%
  1.1%2.5%
  10.8%11.0%
  3.2%4.8%
  0.7%0.8%
  2.9%1.9%
  3.8%4.7%
  0.4%1.9%
  3.0%7.6%
  0.0%0.1%
  0.9%4.2%
  12.1%9.3%
  21.0%14.0%
  1.7%2.1%
  3.0%7.0%
  3.3%4.8%
  2.5%4.7%
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