Ridgely, MN is a rural town located in the upper Midwest region of the United States. It has all the charm of a small town, with plenty of amenities to offer. Companies that call Ridgely home include local restaurants, gas stations, banks, convenience stores, and more. There are also local parks, outdoor recreation areas, lakes and rivers for fishing and swimming. Compared to other parts of the U.S., 2 bedroom rent in Ridgely is considerably lower at $900 per month while the grocery costs index is slightly below the national average at 95 compared to 100. This makes Ridgely an attractive option for those wanting to save money without compromising on quality of life.
Ridgely has an unemployment rate of 3.6%. The US average is 6.0%.
Ridgely 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 36.6%, which is higher than the US average of 33.5%.
Tax Rates for Ridgely
- The Sales Tax Rate for Ridgely is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Ridgely 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 Ridgely
- The average income of a Ridgely resident is $34,087 a year. The US average is $28,555 a year.
- The Median household income of a Ridgely resident is $73,750 a year. The US average is $69,021 a year.