Interested in purchasing investment houses in the 55706 zip code in Babbitt, MN?
The zip code 55706 is in Saint Louis county with a latitude of -91.964880000000 and longitude of 47.724780000000, is in the state of Minnesota. The average asking price of houses and condos is $109,299.00 and the average sale price was $76,407.00. this regions is classified as the Duluth - Superior metro area and is in the 218 area code. The location in degrees is 47° 43' 29.208" N, 91° 57' 53.568" W. The county F.I.P.S. is 27137. The total land area is 61.5 square miles and the water area is 11.3 square miles. The elevation in this area is 1431 - 1768 feet. The zip code is on central standard time and observes daylight savings time.
The zip 55706 is in county number 137 and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 1,765 in 2019 and 1,825 in 2010. This further breaks down to 947 males (53.7%) and 817 females (46.3%). The median age of residents is 53.2 years. The population of the greater Duluth, MN-WI area is 275,286. The population density (people per square mile) is 29. This zip code has a combined total of 1,368 houses and condos. There are 152 rented appartments. 17% of residents rent versus the 17% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $41,318 and the average salary is $38,292. The median household income of individuals is $45,196.00 and the average is $49,970.00. This zip code has a mean commute time to work of 28.7 minutes. The unemployment rate is 2.9%. Income earners by percent breakdown as 55.80% (Under $50,000), 35.20% ($50,000-$100,000), and 9.10% earn over $100,000. 9.5% of residents live below poverty line versus the 9.0% in the state that are below this line. The cost of living index is 85.5. The educational breakdown is 92.6% have a high school education or higher, 16.5% have a bachelor's degree or higher, and 5.3% have some kind of profesional degree.
This area has 864 households and the average size is 1.9 people. Individuals who are single and have never been married are 16.5%, 53.7% are now married, 0.5% are separated, 12.1% are widowed, and 17.2% are divorced. The average yearly contribution amount given by people to charity was $1,686 versus the state average of $3,948. The percent of residents who gave to charity was 16.7%.
The estimated median value of houses and condos is $89,566. The median monthly owner costs of mortgage holders was $871, where as the costs for those who don't have a mortgage are $369. The median number of rooms in houses and condos are 5.4 versus apartments which had a median number of 4.7.
The real estate tax percent rate is 0.7% which equated to an average real estate tax amount payment of $631. In comparision, the average real estate tax percent rate in the state is 1.1% which equated to an average real estate tax amount payment in the state of $2,670. The median housing property tax percent for residents with mortgages was 0.6% which amounted to an average tax amount of $573. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.7% which amounted to an average tax amount of $671. Reported taxable interest for persons was $884, dividends $2,671, capital gains +$100, and itemized deductions $16,594. The average earned income tax credit is $1,581. The percent of individuals that use a tax preparer is 60.7%. The total average income taxes paid by individuals was $6,853. Businesses reported an average profit of $4,211.
Hide Away Supper Club
8310 Joseph St, Babbitt, MN 55706
Hide Away Supper Club
7921 Township Road 6305, Babbitt, MN 55706
Tank's Restaurant
14 Alder Rd, Babbitt, MN 55706
Kell's Kitchen
9 Commerce Rd, Babbitt, MN 55706
Hot Stuff Pizza
37 Central Blvd, Babbitt, MN 55706
Ely Steak House
216 E Sheridan St, Ely, MN 55731 (14.2 miles away)
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