Cosmos, MN is a small town with a population of around 1,000 people. Despite its size, Cosmos is known for its relatively low cost of living compared to the national average. The average 2 bedroom rent in Cosmos is $900 compared to the US average of $1,430 and the grocery cost index in Cosmos is 93 versus 100 in the US. For those looking to save money while having access to necessary amenities, Cosmos could be an ideal location. There are several local companies that call this small town home such as KWIK Trip, M&M Butcher Block meats and more.
Cosmos has an unemployment rate of 5.2%. The US average is 6.0%.
Cosmos has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Cosmos
- The Sales Tax Rate for Cosmos is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Cosmos 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 Cosmos
- The average income of a Cosmos resident is $23,487 a year. The US average is $28,555 a year.
- The Median household income of a Cosmos resident is $43,438 a year. The US average is $69,021 a year.