Dudley, Minnesota is a small town with a population of 1,600 people. It is known for its friendly atmosphere and location near the Mississippi River. The cost of living in Dudley is quite low compared to other areas in the US – rent for a two bedroom apartment costs only $820 per month while the US average is $1,430. Grocery costs are also lower here than the national average; the local grocery cost index is 95 compared to 100 throughout the US.
One of Dudley's largest employers is Acme Manufacturing Inc., which specializes in custom metal fabrication and produces parts and components for various industries around the Midwest. Another major employer in town is Riverside Electronics, which was founded more than three decades ago and provides high-tech electronics solutions to corporate and government clients. These companies are part of what make up this small but vibrant community.
Dudley has an unemployment rate of 8.7%. The US average is 6.0%.
Dudley has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 23.2%, which is lower than the US average of 33.5%.
Tax Rates for Dudley
- The Sales Tax Rate for Dudley is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Dudley 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 Dudley
- The average income of a Dudley resident is $21,518 a year. The US average is $28,555 a year.
- The Median household income of a Dudley resident is $57,917 a year. The US average is $69,021 a year.