Lime, MN is a small town with a population of around 5,000 people. It is located in the greater Minneapolis area and has access to many amenities. The cost of living in Lime is lower than the US average. For example, the average rent for a two bedroom apartment is only $1,130 compared to $1,430 across the United States. Even grocery costs are cheaper in Lime with an index score of 99 versus 100 in the US. As a result, many people move to Lime due to its affordable housing and low-cost lifestyle. There are several local businesses in Lime such as X-Mart Grocery Stores, T&T Auto Repair, and Lakeview Cafe that make it easy to live there comfortably on any budget. All in all, living in Lime provides an economical lifestyle with lots of opportunities for entertainment and commerce.
Lime has an unemployment rate of 3.9%. The US average is 6.0%.
Lime 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 Lime
- The Sales Tax Rate for Lime is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Lime 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 Lime
- The average income of a Lime resident is $30,460 a year. The US average is $28,555 a year.
- The Median household income of a Lime resident is $89,079 a year. The US average is $69,021 a year.