Redwood, MN County is a great place to live for those looking for affordable housing. The average 2 bedroom rent in the county is $830 compared to the US average of $1,430. Additionally, the grocery cost index in Redwood County is 94 versus 100 in the US, making it an ideal location for budget-conscious households. Local businesses include Walmart Supercenter, The Home Depot and JCPenney, all of which offer competitive prices on everyday items such as groceries and home goods. Other popular local companies include Lickdorf Hardware Store and Hanson's Automotive Repair Shop. Whether you're looking for affordable housing or great shopping deals, Redwood County has something to offer everyone.
Redwood County has an unemployment rate of 5.5%. The US average is 6.0%.
Redwood County has seen the job market decrease by -2.8% over the last year. Future job growth over the next ten years is predicted to be 5.0%, which is lower than the US average of 33.5%.
Tax Rates for Redwood County
- The Sales Tax Rate for Redwood County is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Redwood 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 Redwood County
- The average income of a Redwood County resident is $29,992 a year. The US average is $37,638 a year.
- The Median household income of a Redwood County resident is $59,638 a year. The US average is $69,021 a year.