Glenwood, MN is a small city located in Pope County. It is known for its strong connection to nature, with plenty of outdoor activities and trails to explore. The cost of living in Glenwood is relatively low when compared to other cities in the US. According to data from the US Census Bureau, the average rent for a two-bedroom apartment is $930, which is significantly lower than the national average of $1,430. Additionally, the Grocery Cost Index for Glenwood stands at 100 while it is also 100 across the country.
The city of Glenwood has numerous local companies that make up its economy, such as Synergy Coop, Minnesota Beef Producers Association, Haugland Learning Centers and American Solutions For Business. These businesses offer various jobs and career opportunities throughout the year for local residents.
Glenwood has an unemployment rate of 4.5%. The US average is 6.0%.
Glenwood has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Glenwood
- The Sales Tax Rate for Glenwood is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Glenwood 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 Glenwood
- The average income of a Glenwood resident is $26,084 a year. The US average is $28,555 a year.
- The Median household income of a Glenwood resident is $45,735 a year. The US average is $69,021 a year.