Geneva, MN is a city located in Freeborn County with a population of 672 people. It offers residents an array of amenities including access to various restaurants, shops, and entertainment venues. There are several local businesses within the area such as Geneva Pharmacy & Gifts, Gene’s Auto Repair, and Max’s Bar & Grill. Rent for a two-bedroom apartment in Geneva is an average of $880 per month while the US average rent for two-bedrooms is around $1,430. Additionally, the Grocery Cost Index for Geneva is 96 while it is 100 in the United States overall. People who live in Geneva enjoy its friendly community atmosphere and reasonable cost of living.
Geneva has an unemployment rate of 4.5%. The US average is 6.0%.
Geneva has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 22.6%, which is lower than the US average of 33.5%.
Tax Rates for Geneva
- The Sales Tax Rate for Geneva is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Geneva 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 Geneva
- The average income of a Geneva resident is $23,107 a year. The US average is $28,555 a year.
- The Median household income of a Geneva resident is $56,964 a year. The US average is $69,021 a year.