Woodbury, MN is a city located in the greater Minneapolis-Saint Paul metropolitan area. It offers many amenities to its residents including low housing costs and a grocery cost index that is higher than the national average. The average two bedroom rent in Woodbury is $1,920 compared to the US average of $1,430. This makes it possible for people to comfortably afford housing without breaking the bank. Many local companies call Woodbury home such as 3M, Andersen Windows, HealthEast Care System, Park Dental and Sun Country Airlines. The city also provides plenty of outdoor recreational activities year round making it an attractive place to live or visit.
Woodbury has an unemployment rate of 3.1%. The US average is 6.0%.
Woodbury has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 38.6%, which is higher than the US average of 33.5%.
Tax Rates for Woodbury
- The Sales Tax Rate for Woodbury is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Woodbury 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 Woodbury
- The average income of a Woodbury resident is $44,047 a year. The US average is $28,555 a year.
- The Median household income of a Woodbury resident is $114,252 a year. The US average is $69,021 a year.