Reno, MN is a small town located in Minnesota with a population of about 1,717 people according to the 2010 U.S. Census. This quaint city offers its residents an affordable cost of living due to its low rental prices for two bedroom apartments which are around $910. Additionally, groceries are also inexpensive in Reno compared to the rest of the US with an index score of 99 versus 100 in the US. Not only does Reno offer a comfortable lifestyle but it also has many local businesses that provide employment opportunities for its citizens such as Crystal Valley Coop, Sterling State Bank and Delano Farmers Coop Elevator. Overall, Reno is an ideal place for anyone wanting to save money while still enjoying all that this small city has to offer.
Reno has an unemployment rate of 4.5%. The US average is 6.0%.
Reno has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Reno
- The Sales Tax Rate for Reno is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Reno 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 Reno
- The average income of a Reno resident is $29,499 a year. The US average is $28,555 a year.
- The Median household income of a Reno resident is $100,000 a year. The US average is $69,021 a year.