Minneota, MN is an excellent place to call home. It has a relatively low cost of living with the average two-bedroom rental in Minneota being $830, which is significantly lower than the national average of $1,430. Residents can also benefit from the decreased cost of groceries in Minneota due to the Grocery Cost Index being 93 versus 100 in the US. There are plenty of local businesses and attractions around town for residents and visitors alike to enjoy including The Grand Central Café, Pemberton's Bar & Grill, The Stone House Museum, and Pinecrest Golf Course. With its attractive price points and activities available, Minneota is a wonderful city for people looking to call home.
Minneota has an unemployment rate of 4.2%. The US average is 6.0%.
Minneota has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 22.0%, which is lower than the US average of 33.5%.
Tax Rates for Minneota
- The Sales Tax Rate for Minneota is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Minneota 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 Minneota
- The average income of a Minneota resident is $26,672 a year. The US average is $28,555 a year.
- The Median household income of a Minneota resident is $59,519 a year. The US average is $69,021 a year.