Roseau, MN is a small town located in northern Minnesota, near the Canadian border. It is home to several local businesses such as Co-op Credit Union, Roseau Electric Cooperative, and Northshore Mining. With a population of around 2,800 residents, Roseau offers a quiet lifestyle with an affordable cost of living. Rent for a two bedroom apartment in Roseau is about $890 per month—much lower than the national average rent of $1,430 per month. Additionally, the grocery cost index in Roseau is 97 versus 100 for the rest of the United States. This makes it easy for people to save money on basic necessities while living in Roseau.
Roseau has an unemployment rate of 3.9%. The US average is 6.0%.
Roseau has seen the job market decrease by -2.0% over the last year. Future job growth over the next ten years is predicted to be 8.8%, which is lower than the US average of 33.5%.
Tax Rates for Roseau
- The Sales Tax Rate for Roseau is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Roseau 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 Roseau
- The average income of a Roseau resident is $24,516 a year. The US average is $28,555 a year.
- The Median household income of a Roseau resident is $55,357 a year. The US average is $69,021 a year.