Orono, MN is a wonderful city located in the Minneapolis-St. Paul metropolitan area. It is a small town known for its beautiful scenery and friendly people. Despite its small size, it offers many amenities to its residents, including an excellent school system and plenty of shopping and entertainment options. The city is also home to several notable companies such as the University of Minnesota Medical Center, Orono Brewing Company, and General Mills. The cost of living in Orono is slightly higher than average with 2 bedroom rent averaging $1,670 compared to the US average at $1,430. Additionally, grocery cost indexing in Orono tends to be approximately 7% higher than the national average. This makes it an ideal place for those looking for a comfortable lifestyle without sacrificing quality or affordability.
Orono has an unemployment rate of 4.2%. The US average is 6.0%.
Orono 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 Orono
- The Sales Tax Rate for Orono is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Orono 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 Orono
- The average income of a Orono resident is $83,704 a year. The US average is $28,555 a year.
- The Median household income of a Orono resident is $159,816 a year. The US average is $69,021 a year.