Cottage Grove, MN is a vibrant city located in the Twin Cities metropolitan area. The city boasts many popular local companies including Imation Corp, Roehl Transport, Inc., and Cottage View Petroleum LLC.
The rent for two bedrooms in Cottage Grove is $1,660 compared to the US average of $1,430. Similarly, the grocery cost index is 101 versus 100 in the US. This indicates that groceries are more expensive than the national average in Cottage Grove. Despite this difference in costs of living, Cottage Grove remains an attractive destination for individuals looking to live close to Minneapolis while enjoying a slightly quieter atmosphere.
Cottage Grove has an unemployment rate of 3.9%. The US average is 6.0%.
Cottage Grove has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 35.8%, which is higher than the US average of 33.5%.
Tax Rates for Cottage Grove
- The Sales Tax Rate for Cottage Grove is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Cottage Grove 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 Cottage Grove
- The average income of a Cottage Grove resident is $31,724 a year. The US average is $28,555 a year.
- The Median household income of a Cottage Grove resident is $108,887 a year. The US average is $69,021 a year.