Excel, MN is a small town located outside of the Twin Cities metropolitan area. It offers its residents a peaceful suburban lifestyle with all the benefits of living close to the city. The cost of living in Excel is relatively low, with 2 bedroom rental rates at $940 per month. Groceries are also a great deal - the grocery cost index is 96 in Excel compared to 100 in the US on average.
Excel is home to several local companies such as Mound Metal Recycling, Excel Heating and Air Conditioning, and AA Garage Door Solutions. In addition, there are plenty of amenities for residents to enjoy including outdoor recreation areas like Chameleon Lake Park and Coney Island Park, dining spots like Millstone Family Restaurant or Papa Joe's Pizza & Subs, and nearby shopping malls like Maplewood Mall or Rosedale Shopping Center.
Excel has an unemployment rate of 6.6%. The US average is 6.0%.
Excel has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 12.9%, which is lower than the US average of 33.5%.
Tax Rates for Excel
- The Sales Tax Rate for Excel is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Excel 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 Excel
- The average income of a Excel resident is $33,142 a year. The US average is $28,555 a year.
- The Median household income of a Excel resident is $90,938 a year. The US average is $69,021 a year.