Judson, MN is a small rural town located in southeastern Minnesota. It is known for its rolling hills, lush forests, and peaceful atmosphere. The cost of living in this area is lower than the national average, with a 2 bedroom rent coming in at $970 compared to the U.S average of $1,430 and a grocery cost index of 97 versus 100 in the U.S. This makes it an attractive option for individuals or families looking for affordability while still having access to some larger city amenities. Local businesses that would benefit from this lower cost of living are those involved in real estate, restaurants, retail stores, entertainment venues, and even medical facilities. With the low cost of living and access to city amenities, Judson, MN is an ideal location for businesses looking to start or expand their operations.
Judson has an unemployment rate of 3.9%. The US average is 6.0%.
Judson has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 37.2%, which is higher than the US average of 33.5%.
Tax Rates for Judson
- The Sales Tax Rate for Judson is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Judson 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 Judson
- The average income of a Judson resident is $34,682 a year. The US average is $28,555 a year.
- The Median household income of a Judson resident is $91,563 a year. The US average is $69,021 a year.