Edna, MN is a small town located in the northern part of the state. It has a friendly atmosphere with plenty of local businesses like Ed's Productions, an event planning and catering service; B's Barbeque, a popular restaurant; and Big O Auto Parts, a car parts supply shop. The cost of living in Edna is lower than that of other towns in Minnesota due to its lower rental rates and grocery costs. Rent for a 2-bedroom apartment in Edna is $860 monthly compared to $1,430 nationally. Additionally, the Grocery Cost Index for Edna is 100 versus 100 nationwide. Overall, the cost of living in Edna makes it an affordable and attractive place to live.
Edna has an unemployment rate of 5.3%. The US average is 6.0%.
Edna has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Edna
- The Sales Tax Rate for Edna is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Edna 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 Edna
- The average income of a Edna resident is $31,499 a year. The US average is $28,555 a year.
- The Median household income of a Edna resident is $93,750 a year. The US average is $69,021 a year.