Medina, MN is a small town located in the Twin Cities area of Minnesota. It is a peaceful and safe community with a population of approximately 1,810 people. This city offers many local amenities that residents can enjoy including shopping centers, restaurants, parks and recreational facilities. Local businesses include Ace Hardware, Home Depot, Target, Walmart and Cub Foods. There are also numerous art galleries, museums and libraries for residents to explore. Medina offers excellent schools with high test scores and excellent educational opportunities for all students in the area. The cost of living in Medina is slightly higher than the national average with average 2 bedroom rent costing $1,830 compared to $1,430 nationally. Also the Grocery Cost Index is 107 versus 100 in the US. All these features make Medina an attractive place to live for those seeking a quiet lifestyle with plenty of activities and amenities nearby.
Medina has an unemployment rate of 4.2%. The US average is 6.0%.
Medina has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 36.9%, which is higher than the US average of 33.5%.
Tax Rates for Medina
- The Sales Tax Rate for Medina is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Medina 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 Medina
- The average income of a Medina resident is $83,803 a year. The US average is $28,555 a year.
- The Median household income of a Medina resident is $187,031 a year. The US average is $69,021 a year.