Cedarbend, MN is a small town in the Midwest with a population of around 8,000 people. The cost of living is low when compared to the national average. For instance, rent for two bedrooms costs $860 on average compared to the national average of $1,430. Additionally, grocery cost index is 95 versus 100 in the US showing that you can get more for your money when shopping in Cedarbend. Local companies in Cedarbend include the Midwestern Manufacturing Company, Cedarbend Farms and Dairy LLC, and the Cedarbend Food Mart. It's easy to see why many people are choosing to move to Cedarbend for its lower cost of living and thriving local businesses.
Cedarbend has an unemployment rate of 3.9%. The US average is 6.0%.
Cedarbend has seen the job market decrease by -2.0% over the last year. Future job growth over the next ten years is predicted to be 8.8%, which is lower than the US average of 33.5%.
Tax Rates for Cedarbend
- The Sales Tax Rate for Cedarbend is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Cedarbend 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 Cedarbend
- The average income of a Cedarbend resident is $25,666 a year. The US average is $28,555 a year.
- The Median household income of a Cedarbend resident is $103,333 a year. The US average is $69,021 a year.