Ranier, MN is a small city located in the Midwest. It is known for its friendly atmosphere and convenient location. The local companies in Ranier include retail stores such as Walmart and Target, banks like Wells Fargo and US Bank, restaurants such as Red Lobster and Olive Garden, and hospitals including Essentia Health-St. Mary's Medical Center. The cost of living in Ranier is quite reasonable compared to other areas in the US. For example, the average two bedroom rent in Ranier is $940 while it is $1,430 throughout the country. In addition, groceries are also more affordable with a Grocery Cost Index of 96 versus 100 nationally.
Ranier has an unemployment rate of 5.7%. The US average is 6.0%.
Ranier has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 18.9%, which is lower than the US average of 33.5%.
Tax Rates for Ranier
- The Sales Tax Rate for Ranier is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Ranier 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 Ranier
- The average income of a Ranier resident is $34,597 a year. The US average is $28,555 a year.
- The Median household income of a Ranier resident is $66,000 a year. The US average is $69,021 a year.