Canisteo, MN is a small town located in Steele County with a population of 1,557 people as of the 2019 US Census. It has a variety of restaurants, shops, and businesses. The cost of living in Canisteo is relatively low when compared to other cities in the United States. For example, the average rent for a two-bedroom apartment is $970 compared to $1,430 nationally. On top of that, local grocery costs are also less expensive than across the country with an index score of 99 versus 100 in the US.
The city is home to friendly locals and businesses like Viking Wearhouse and Ace Hardware. Visitors can enjoy activities like golfing at Valley View Golf Course or visiting the historic Ironwood Theatre. The town also hosts many family-friendly events throughout the year like their annual Summer Festival and Christmas Lighting Ceremony. With its affordable prices and friendly community, Canisteo offers something for everyone to enjoy.
Canisteo has an unemployment rate of 4.9%. The US average is 6.0%.
Canisteo has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 30.4%, which is lower than the US average of 33.5%.
Tax Rates for Canisteo
- The Sales Tax Rate for Canisteo is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Canisteo 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 Canisteo
- The average income of a Canisteo resident is $36,540 a year. The US average is $28,555 a year.
- The Median household income of a Canisteo resident is $114,167 a year. The US average is $69,021 a year.