Greenway, MN is a great place to live, work, and raise a family. It's cost of living is relatively low compared to other areas in the US with rental costs for two bedroom apartments at $930 and groceries costing about 6% less than the national average. The city is also home to numerous local businesses including Greenway Groceries, Lakeside Lumber, and F&F Electric as well as several parks and recreation spots like Pond Park and Swan Lake Wildife Refuge. Greenway offers plenty of opportunity for residents to enjoy nature while still having access to all the amenities of city life.
Greenway has an unemployment rate of 6.2%. The US average is 6.0%.
Greenway has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.
Tax Rates for Greenway
- The Sales Tax Rate for Greenway is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Greenway 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 Greenway
- The average income of a Greenway resident is $21,367 a year. The US average is $28,555 a year.
- The Median household income of a Greenway resident is $49,883 a year. The US average is $69,021 a year.