Elizabeth, MN is a great place to live with a wealth of amenities and local businesses. The low two bedroom rent of $870 makes living here very affordable compared to the US average of $1,430. The grocery cost index in Elizabeth is 96 versus 100 for the US which makes it even more attractive for those interested in saving money on food costs. Local businesses include Equity Bank, Home Services Lending, and S&S Solutions which provide a variety of products and services that make life convenient for residents. In addition to these businesses, there are many shops and restaurants in the area that offer unique merchandise and dining experiences. With its low cost of living and bustling business district, Elizabeth is an ideal place to call home.
Elizabeth has an unemployment rate of 5.3%. The US average is 6.0%.
Elizabeth 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 Elizabeth
- The Sales Tax Rate for Elizabeth is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Elizabeth 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 Elizabeth
- The average income of a Elizabeth resident is $21,435 a year. The US average is $28,555 a year.
- The Median household income of a Elizabeth resident is $65,536 a year. The US average is $69,021 a year.