Executive Financial Report: Leonard (56652)
Navigating the local economic landscape in Leonard (56652) reveals an average baseline monthly cost of living of approximately $2,907 for single individuals. This comprehensive benchmark reflects essential housing, food, tax, and healthcare commitments.
With typical rent and housing utilities averaging an affordable $553 per month—just 19% of baseline expenses—Leonard offers exceptionally competitive housing costs compared to wider metropolitan averages across Minnesota.
Local earnings in Leonard (56652) demonstrate strong purchasing power. The area median family income of $66,744 significantly exceeds the annual baseline living threshold ($34,887.376) by a ratio of 1.91x. This economic buffer allows local households to comfortably absorb inflationary spikes and build long-term wealth.
On the expenditure side, groceries and essential nutrition require approximately $275 per month in Leonard. Direct tax liabilities consume an estimated $438 monthly (15% of total baseline expenses). Factoring local tax structures into annual compensation planning is highly recommended.
Overall, Leonard (56652) presents a distinct economic profile within Clearwater. Whether you are relocating for career advancement or evaluating localized living expenses, utilizing our interactive tools below will help you tailor these baseline figures to your exact household composition and salary.