Rapidan, MN is a small city located in the north-central part of the state. It is located on the banks of Big Trout Lake and offers plenty of outdoor recreation activities such as fishing, boating, skiing and hiking. The town itself offers many amenities for locals including a library, parks and other community centers. Rapidan also has several local businesses ranging from restaurants to manufacturing companies. The cost of living in Rapidan is lower than in many other areas in Minnesota with an average two bedroom rent being only $1,020 compared to the US average of $1,430. Furthermore, the Grocery Cost Index in Rapidan is slightly lower than the US average at 99 versus 100 respectively.
Rapidan has an unemployment rate of 3.9%. The US average is 6.0%.
Rapidan has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 37.2%, which is higher than the US average of 33.5%.
Tax Rates for Rapidan
- The Sales Tax Rate for Rapidan is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Rapidan 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 Rapidan
- The average income of a Rapidan resident is $38,173 a year. The US average is $28,555 a year.
- The Median household income of a Rapidan resident is $84,150 a year. The US average is $69,021 a year.