Dellwood, MN is a small suburb located in the greater Twin Cities metropolitan area. This friendly community offers access to great schools, recreational areas, and entertaining venues while still maintaining a quiet atmosphere. Dellwood is also home to several notable companies like 3M and General Mills, which offer employment opportunities for residents as well as visitors. In terms of cost of living, Dellwood is slightly cheaper than the national average. Rent costs for two-bedroom apartments are about $1,400 compared to the US average of $1,430. Additionally, the grocery cost index in Dellwood is 101 versus 100 in the US. This makes it an affordable option for families looking to settle down near a major city while keeping their expenses low.
Dellwood has an unemployment rate of 3.9%. The US average is 6.0%.
Dellwood 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 36.4%, which is higher than the US average of 33.5%.
Tax Rates for Dellwood
- The Sales Tax Rate for Dellwood is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Dellwood 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 Dellwood
- The average income of a Dellwood resident is $76,197 a year. The US average is $28,555 a year.
- The Median household income of a Dellwood resident is $206,979 a year. The US average is $69,021 a year.