Dakota, MN County is a great place to live and work! With the 2 bedroom rent at $1,410, it is slightly lower than the national average of $1,430. The cost of groceries also tends to be lower than many other areas with an index of 102 versus 100 in the US. There are many local companies that are hiring such as Mayo Clinic, Invenergy, and Prime Theraputics. With these low costs of living and access to numerous employers, Dakota County offers its residents a great quality of life with plenty of opportunities for advancement.
Dakota County has an unemployment rate of 4.1%. The US average is 6.0%.
Dakota County 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 36.7%, which is higher than the US average of 33.5%.
Tax Rates for Dakota County
- The Sales Tax Rate for Dakota County is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Dakota County 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 Dakota County
- The average income of a Dakota County resident is $35,755 a year. The US average is $28,555 a year.
- The Median household income of a Dakota County resident is $93,892 a year. The US average is $69,021 a year.