New York Mills, MN is a small city located in Central Minnesota. It is known for its rolling hills, abundant wildlife, and picturesque scenery. This town has a population of 1,203 and offers its residents plenty of activities to enjoy year-round. There are several local businesses such as the New York Mills Public School District, US Bank, North Star Bank, and Moe Hardware. The cost of living in this town is quite reasonable with 2 bedroom rent estimated at $880 a month compared to the US 2 Bedroom Rent average of $1,430. The grocery cost index in New York Mills is also lower than the national average at 95 versus 100 in the US. With all these advantages combined with the natural beauty that surrounds New York Mills, it truly is an ideal place to live and work or even just to visit!
New York Mills has an unemployment rate of 5.3%. The US average is 6.0%.
New York Mills has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.
Tax Rates for New York Mills
- The Sales Tax Rate for New York Mills is 7.4%. The US average is 7.3%.
- The Income Tax Rate for New York Mills 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 New York Mills
- The average income of a New York Mills resident is $22,062 a year. The US average is $28,555 a year.
- The Median household income of a New York Mills resident is $48,043 a year. The US average is $69,021 a year.