55953 Lyle, MN is a charming small town located in the heart of Minnesota. The cost of living here is incredibly affordable. There is an average 2 bedroom rent of only $990 per month compared to the US average of $1,430. Grocery costs are even more economical, with an index value of 93 compared to the US's 100. This means that groceries are cheaper in 55953 Lyle, MN than they are on average in America.
This rural area has plenty of charm and natural beauty, but it also has plenty to offer those looking for career opportunities as well. Businesses such as Gorman Roofing Company Inc., Lyle Public Schools, and Nu-Life Building Supply Inc. all operate out of 55953 Lyle, MN and contribute to the local economy. With such a great cost of living, this small town has a lot to offer those who live there or visit.
Lyle (zip 55953) has an unemployment rate of 4.2%. The US average is 6.0%.
Lyle (zip 55953) has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 29.7%, which is lower than the US average of 33.5%.
Tax Rates for Lyle (zip 55953)
- The Sales Tax Rate for Lyle (zip 55953) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Lyle (zip 55953) is 7.1%. The US average is 4.6%.
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Income and Salaries for Lyle (zip 55953)
- The average income of a Lyle (zip 55953) resident is $34,674 a year. The US average is $37,638 a year.
- The Median household income of a Lyle (zip 55953) resident is $52,188 a year. The US average is $69,021 a year.