Santiago, MN is a small town located in the Midwestern United States. The city offers two bedroom rent at an affordable rate of $1,270 compared to the national average of $1,430. In addition, the grocery cost index in Santiago is 101 versus 100 in the US. This makes it an attractive place to live and work for those seeking an affordable lifestyle. Some of the local companies that call Santiago home are Lorenz Pharmacy, Wrentham Coffee Co., and Country Corner Crafts & Gifts. With its low living costs and diverse businesses, Santiago is a great place to live for those who want to enjoy a low-cost lifestyle but still have access to quality shopping and services.
Santiago has an unemployment rate of 4.9%. The US average is 6.0%.
Santiago has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 38.1%, which is higher than the US average of 33.5%.
Tax Rates for Santiago
- The Sales Tax Rate for Santiago is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Santiago 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 Santiago
- The average income of a Santiago resident is $28,022 a year. The US average is $28,555 a year.
- The Median household income of a Santiago resident is $98,250 a year. The US average is $69,021 a year.