Rome, MN is a small town located in Wabasha County with a population of approximately 570 people. The town has several businesses including Family Farm and Home, Joe's Bar & Restaurant, Simonson Station Store, Family Floral & Gifts, and First State Bank of Wabasha. The cost of living in Rome is much lower than the US average. For example, the 2 bedroom rent in Rome is $740 compared to $1,430 for the US average. Additionally, the Grocery Cost Index in Rome is 92 whereas it is 100 for the US as whole. This indicates that groceries are 8 percent less expensive in Rome than nationally. Overall, living in Rome provides its residents with an affordable cost of living while still offering access to various local businesses.
Rome has an unemployment rate of 5.2%. The US average is 6.0%.
Rome has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 21.7%, which is lower than the US average of 33.5%.
Tax Rates for Rome
- The Sales Tax Rate for Rome is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Rome 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 Rome
- The average income of a Rome resident is $44,909 a year. The US average is $28,555 a year.
- The Median household income of a Rome resident is $88,750 a year. The US average is $69,021 a year.