Gennessee, MN is a great place to live. It offers residents a low cost of living while still offering amenities and activities for those looking for something to do. Renting a two bedroom apartment in Gennessee is much lower than other parts of the country, with an average rent of $870 compared to $1,430 elsewhere. Groceries are also relatively inexpensive, with a grocery cost index of 95 compared to 100 nationally.
In terms of businesses, Gennessee has numerous local stores and restaurants that are popular among residents. The city is home to the famous Gennessee Deli along with other popular stores such as Farmers Market and Dave's Supermarket. For entertainment, there are plenty of movie theaters within the city as well as bowling alleys and arcades. Other small businesses such as printers and car mechanics can be found throughout town too.
Gennessee has an unemployment rate of 4.9%. The US average is 6.0%.
Gennessee has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 37.1%, which is higher than the US average of 33.5%.
Tax Rates for Gennessee
- The Sales Tax Rate for Gennessee is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Gennessee 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 Gennessee
- The average income of a Gennessee resident is $45,880 a year. The US average is $28,555 a year.
- The Median household income of a Gennessee resident is $85,833 a year. The US average is $69,021 a year.