Hendrum, Minnesota (56550) is an affordable and pleasant place to live. Rent on 2-bedroom apartments averages $820 per month, which is significantly less than the national average of $1,430. The cost of groceries in Hendrum is also lower than the US average, with a grocery cost index of 92 versus 100. For those looking for employment opportunities, companies such as Eide Bailly LLP or Staff Management | SMX provide ample job opportunities to local residents. Other local businesses include Jim's Auto Repair and Hemel's Family Farm. All of these establishments provide further stability and convenience for people living in this area.
Hendrum (zip 56550) has an unemployment rate of 5.7%. The US average is 6.0%.
Hendrum (zip 56550) 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 17.2%, which is lower than the US average of 33.5%.
Tax Rates for Hendrum (zip 56550)
- The Sales Tax Rate for Hendrum (zip 56550) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Hendrum (zip 56550) is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing 黑料社区.
Income and Salaries for Hendrum (zip 56550)
- The average income of a Hendrum (zip 56550) resident is $31,229 a year. The US average is $37,638 a year.
- The Median household income of a Hendrum (zip 56550) resident is $53,750 a year. The US average is $69,021 a year.