Saratoga, MN is a small town located in the northern part of the state. It is home to several local businesses such as Saratoga Lumber, Saratoga Mart, and Country Store. The population here is relatively small compared to other towns in the area. Despite its size, however, the cost of living in Saratoga is quite affordable. Rent for a two-bedroom apartment is around $1,030 per month which is slightly lower than the US average of $1,430. Additionally, grocery costs are also cheaper with an index of 98 compared to a national average of 100. With a variety of local companies and amenities at an affordable price point, Saratoga remains an attractive place to call home for many people.
Saratoga has an unemployment rate of 3.7%. The US average is 6.0%.
Saratoga has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 24.9%, which is lower than the US average of 33.5%.
Tax Rates for Saratoga
- The Sales Tax Rate for Saratoga is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Saratoga 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 Saratoga
- The average income of a Saratoga resident is $22,997 a year. The US average is $37,638 a year.
- The Median household income of a Saratoga resident is $75,750 a year. The US average is $69,021 a year.