Norwood Young America, MN is a small town located in Minnesota with a population of about 2,600 people. The cost of living in Norwood Young America is quite reasonable compared to other towns in the area. On average, it costs $1,220 to rent a two bedroom apartment here whereas it costs $1,430 on average for the same in the US. Additionally, grocery cost index here is 99 compared to 100 in the US which further makes this town an attractive place to live. There are many local businesses operating in Norwood Young America including several restaurants and boutique shops as well as larger stores such as Walmart and Target located nearby. Here you can find almost everything you need at an affordable price without having to compromise on quality or convenience.
Norwood Young America has an unemployment rate of 3.7%. The US average is 6.0%.
Norwood Young America 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 38.0%, which is higher than the US average of 33.5%.
Tax Rates for Norwood Young America
- The Sales Tax Rate for Norwood Young America is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Norwood Young America 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 Norwood Young America
- The average income of a Norwood Young America resident is $24,977 a year. The US average is $28,555 a year.
- The Median household income of a Norwood Young America resident is $73,737 a year. The US average is $69,021 a year.