Eveleth, Minnesota is a small city in St. Louis County situated on the western side of Mesabi Range. It is known as the “Gem of the Vermilion” for its sprawling natural beauty and resources. The city is home to multiple large corporations such as Cleveland-Cliffs Inc., U.S. Steel, and Agropur Inc., which are major economic contributors to the area's growth. Compared to other parts of the US, Eveleth has relatively inexpensive 2 bedroom rent at $990, whereas the US 2 bedroom rent is $1,430 per month. Additionally, grocery cost index in Eveleth is 92 compared to an average of 100 in the US, making living costs more affordable for those who live in this city.
Eveleth has an unemployment rate of 4.8%. The US average is 6.0%.
Eveleth has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Eveleth
- The Sales Tax Rate for Eveleth is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Eveleth 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 Eveleth
- The average income of a Eveleth resident is $20,825 a year. The US average is $28,555 a year.
- The Median household income of a Eveleth resident is $54,551 a year. The US average is $69,021 a year.