Hovland, MN, with zip code 55606 is a small town located in Cook County on the north shore of Lake Superior. It has a population of approximately 200 people and is known for its pristine lakes and forests. The average two-bedroom rent rate in Hovland is $810, which is much lower than the national average of $1,430. The grocery cost index in this area also stands at 106 compared to the US index of 100. Residents can find all their shopping needs at local businesses such as Johnson Hardware Store, Hovland Crafts & Gifts and North Shore Grocery & Deli. Outdoor activities can be enjoyed at nearby parks including Cascade River State Park and Grand Portage State Park. There are also several churches in the area as well as an active community center hosting multiple events throughout the year.
Hovland (zip 55606) has an unemployment rate of 7.4%. The US average is 6.0%.
Hovland (zip 55606) has seen the job market decrease by -9.6% over the last year. Future job growth over the next ten years is predicted to be 55.5%, which is higher than the US average of 33.5%.
Tax Rates for Hovland (zip 55606)
- The Sales Tax Rate for Hovland (zip 55606) is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Hovland (zip 55606) is 7.1%. The US average is 4.6%.
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Income and Salaries for Hovland (zip 55606)
- The average income of a Hovland (zip 55606) resident is $57,974 a year. The US average is $37,638 a year.
- The Median household income of a Hovland (zip 55606) resident is $57,500 a year. The US average is $69,021 a year.