Callaway, MN is a small town located in Northern Minnesota along the Mississippi River. The town is home to just over 500 people who enjoy the town's rural atmosphere and close proximity to larger cities like St. Paul and Minneapolis. One of the main attractions for those looking to move to Callaway is its lower cost of living. The average two bedroom rental rate in Callaway is $850 compared with a national average of $1,430. Grocery costs are also slightly below the national index, with an index score of 97 versus 100 in the US. Local companies such as Soderberg Supply Company Inc., Schommer & Sons Electric, Inc., and Wild Rice Electric offer goods and services to residents at competitive prices that allow them to save money while maintaining their quality of life. In short, Callaway offers a peaceful lifestyle with affordability that makes it an attractive destination for those looking for a place to call home.
Callaway has an unemployment rate of 5.3%. The US average is 6.0%.
Callaway has seen the job market increase by 3.4% over the last year. Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%.
Tax Rates for Callaway
- The Sales Tax Rate for Callaway is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Callaway 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 Callaway
- The average income of a Callaway resident is $16,628 a year. The US average is $28,555 a year.
- The Median household income of a Callaway resident is $46,250 a year. The US average is $69,021 a year.