Rothsay, MN is a small town known for its close-knit community and affordable living expenses. The average two bedroom rent in Rothsay is $840, which is significantly lower than the national average at $1,430. Additionally, the local grocery cost index is 94 compared to 100 in the US, indicating that food costs are also below national rates. As such, Rothsay possesses an attractive combination of low cost and neighborly atmosphere. Local businesses in Rothsay include Rothsay Lumber Company, Nesbit Law Office, and Reimers Auto Repair. These companies offer essential services to the community as well as employment opportunities for local residents.
Rothsay has an unemployment rate of 4.1%. The US average is 6.0%.
Rothsay has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 20.2%, which is lower than the US average of 33.5%.
Tax Rates for Rothsay
- The Sales Tax Rate for Rothsay is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Rothsay 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 Rothsay
- The average income of a Rothsay resident is $21,281 a year. The US average is $28,555 a year.
- The Median household income of a Rothsay resident is $67,083 a year. The US average is $69,021 a year.