Max, MN is a small city with an abundance of local businesses and amenities. Popular companies located in Max include Zign Technologies, Alliant Energy, and Southern Minnesota Beet Sugar Cooperative. The cost of living in Max is considerably lower than the national average; specifically rental costs are much more affordable. For example, the average two bedroom rent in Max is only $950 compared to a staggering $1,430 nationally. Similarly, grocery prices in Max have a cost index of 97 while the US index is 100. All these factors combined make Max an ideal place for those looking for an affordable place to call home.
Max has an unemployment rate of 6.2%. The US average is 6.0%.
Max 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 Max
- The Sales Tax Rate for Max is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Max 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 Max
- The average income of a Max resident is $20,270 a year. The US average is $28,555 a year.
- The Median household income of a Max resident is $42,500 a year. The US average is $69,021 a year.