Redpath, MN is a small rural town located in the Midwest of the United States. It is known for its affordability and cost of living as evidenced by its 2 Bedroom Rent which is significantly lower than the U.S. average at $850 per month. Additionally, its Grocery Cost Index is 93 versus 100 in the US, making grocery shopping more affordable for locals. \nThe economy of Redpath is driven mainly by local businesses such as Weisz Manufacturing Company, Fox Valley Plumbing & Heating Supply Inc., and Redpath Trading LLC. These companies provide a variety of goods and services to the community and create job opportunities for locals.
Redpath has an unemployment rate of 5.0%. The US average is 6.0%.
Redpath has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 25.5%, which is lower than the US average of 33.5%.
Tax Rates for Redpath
- The Sales Tax Rate for Redpath is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Redpath 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 Redpath
- The average income of a Redpath resident is $20,660 a year. The US average is $28,555 a year.
- The Median household income of a Redpath resident is $106,250 a year. The US average is $69,021 a year.