Chengwatana, MN is a small city located just outside of the Twin Cities area. The cost of living in the city is relatively low compared to other cities in the state, with two-bedroom apartment rentals costing around $1,020 a month and a grocery cost index below that of the national average. People living in Chengwatana benefit from a variety of local industries and companies such as Wood Products Inc., Rambler's Construction, and Mitchell Engineering. These companies offer employment opportunities for locals and bring economic growth to the city. Additionally, Minnesota's education system is one of its strengths, with local schools providing top quality educational programs. All this makes Chengwatana an ideal place to live and work for people looking for an affordable lifestyle while still having easy access to big city amenities.
Chengwatana has an unemployment rate of 7.7%. The US average is 6.0%.
Chengwatana has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Chengwatana
- The Sales Tax Rate for Chengwatana is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Chengwatana 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 Chengwatana
- The average income of a Chengwatana resident is $24,642 a year. The US average is $28,555 a year.
- The Median household income of a Chengwatana resident is $78,250 a year. The US average is $69,021 a year.