Caledonia, MN is a small but vibrant city located in the southeastern corner of Minnesota. It is home to approximately 3,000 people and boasts a strong economy. The cost of living in Caledonia is quite low compared to other cities; 2 bedroom rent is only $870 whereas the US average is $1,430. Additionally, the grocery cost index in Caledonia is 96 compared to the US average of 100. There are many businesses that thrive in this city, including Market & Johnson Construction Company, Krenzler and Associates LLC, and Wahlstrom Electric Inc. Caledonia has something for everyone – from great shopping and dining options to incredible outdoor recreation opportunities.
Caledonia has an unemployment rate of 4.4%. The US average is 6.0%.
Caledonia has seen the job market decrease by -1.9% over the last year. Future job growth over the next ten years is predicted to be 32.6%, which is lower than the US average of 33.5%.
Tax Rates for Caledonia
- The Sales Tax Rate for Caledonia is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Caledonia 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 Caledonia
- The average income of a Caledonia resident is $35,980 a year. The US average is $37,638 a year.
- The Median household income of a Caledonia resident is $54,390 a year. The US average is $69,021 a year.