Riverdale, MN is a lively rural community located northwest of the Twin Cities metropolitan area. It is known for its small-town charm and strong sense of community. The cost of living here is lower than in many other parts of Minnesota, with a two bedroom rent of $850 as compared to the US average at $1,430. Grocery costs are also significantly lower in Riverdale, with an index score of 96 against the national average at 100. The city contains plenty to do including two golf courses, outdoor recreational activities like boating, fishing, hiking and camping, as well as local businesses such as banks, restaurants and shops. Riverdale also has some unique attractions such as the famous Riverside Theater and its annual summer fairs.
Riverdale has an unemployment rate of 4.5%. The US average is 6.0%.
Riverdale has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Riverdale
- The Sales Tax Rate for Riverdale is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Riverdale 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 Riverdale
- The average income of a Riverdale resident is $38,656 a year. The US average is $28,555 a year.
- The Median household income of a Riverdale resident is $73,500 a year. The US average is $69,021 a year.