Richardson, MN is a small city with a population of just over 3,000 people. The cost of living in Richardson is lower than the US average, with 2 bedroom rent at $1,020 compared to the US average of $1,430. This combined with a low grocery cost index of 100 makes it an attractive location for those looking to save money. Local businesses include Richfield Auto & Towing, Schipper Furniture and Cabinet Center and Redwood Inn & Suites. No matter what you’re looking for in Richardson, MN you’ll find something affordable to meet your needs.
Richardson has an unemployment rate of 7.1%. The US average is 6.0%.
Richardson has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.
Tax Rates for Richardson
- The Sales Tax Rate for Richardson is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Richardson 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 Richardson
- The average income of a Richardson resident is $27,938 a year. The US average is $28,555 a year.
- The Median household income of a Richardson resident is $62,656 a year. The US average is $69,021 a year.