Cannon City, MN is a small city located in the Midwest United States. The tight-knit community is known for its friendly people and affordable cost of living. For those looking for a place to rent, two bedroom apartments are an average of $900 per month - much lower than the national average of $1,430. Additionally, Cannon City has a low grocery cost index index of 98 versus 100 in the US.
There are many local attractions that make Cannon City unique including its natural beauty and recreational activities. The city offers excellent parks and trails for hiking and biking as well as frequent summer festivals on the town square. Other interesting attractions in Cannon City include the historic Ironwood Theatre and playgrounds at Nelson Park.
Locals enjoy their favorite stores such as Kmart, Walmart, Target, Hy-Vee Food Store, Pawn America and Backroads Brewing Co., as well as dining options like Quiznos Subs, Las Palmas Mexican Restaurant and O’Reilly’s Pizza Pub & Grill. There are also several property management companies that specialize in residential properties such as My Town Properties, Moore Property Management Group and Lakeshore Property Solutions.
Cannon City has an unemployment rate of 4.2%. The US average is 6.0%.
Cannon City has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 37.9%, which is higher than the US average of 33.5%.
Tax Rates for Cannon City
- The Sales Tax Rate for Cannon City is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Cannon City 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 Cannon City
- The average income of a Cannon City resident is $28,293 a year. The US average is $28,555 a year.
- The Median household income of a Cannon City resident is $92,273 a year. The US average is $69,021 a year.