Cherry, MN is an affordable community with one of the lowest 2 Bedroom Rent prices in the US. The average rental cost for a 2 bedroom apartment in Cherry, MN is $980, while the US average is around $1,430. Grocery costs are also lower here than elsewhere in country; the Grocery Cost Index in Cherry, MN is 94 compared to an index of 100 for the US as a whole. The town also has plenty of local businesses that can add value to your life and finances. Examples include All Local Foods Supermarket, Cherry Hardware Store, Quality Veterinary Care Clinic, and Van Zandt & Associates Law Firm.
Cherry has an unemployment rate of 4.8%. The US average is 6.0%.
Cherry has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Cherry
- The Sales Tax Rate for Cherry is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Cherry 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 Cherry
- The average income of a Cherry resident is $32,339 a year. The US average is $28,555 a year.
- The Median household income of a Cherry resident is $75,625 a year. The US average is $69,021 a year.