Milaca, MN is a small city located in the Central Minnesota region with a population of around 56353 people. It is known for its rural charm and wide range of outdoor activities, such as fishing, hunting, and hiking. The cost of living in Milaca is relatively low compared to the US average. The median 2-bedroom rent comes in at $1,200 per month while the US average for a 2-bedroom rental is $1,430. The grocery cost index sits at 98 versus 100 in the US making it more affordable to maintain a healthy lifestyle with fresh groceries.
The city is home to numerous local businesses that cater to its residents and visitors alike. Companies like Mille Lacs County Newspapers provide the community with local news and information while others like Farm Mart Inc provide agricultural supplies for farmers in the area. There are also several restaurants and cafes providing delicious food options for those looking to stay close by such as G's Place or Joe's Cafe & Grill.
Milaca (zip 56353) has an unemployment rate of 7.9%. The US average is 6.0%.
Milaca (zip 56353) has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 31.9%, which is lower than the US average of 33.5%.
Tax Rates for Milaca (zip 56353)
- The Sales Tax Rate for Milaca (zip 56353) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Milaca (zip 56353) 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 Milaca (zip 56353)
- The average income of a Milaca (zip 56353) resident is $31,937 a year. The US average is $37,638 a year.
- The Median household income of a Milaca (zip 56353) resident is $68,378 a year. The US average is $69,021 a year.