St. Peter, MN is a small city situated in the south of Minnesota. It is known for its affordable cost of living, with 2 bedroom rentals costing around $1,080 per month – significantly less than the US average of $1,430. Furthermore, the grocery cost index in St. Peter is 99 compared to 100 in the US. There are plenty of local companies and amenities available in St. Peter for residents to enjoy, such as The City Center Mall, local restaurants like Landings Bar & Grill, and a variety of health centers and schools. With its affordable living costs combined with numerous local features, St. Peter has become a great place for people to live and work!
St. Peter has an unemployment rate of 3.6%. The US average is 6.0%.
St. Peter has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 36.6%, which is higher than the US average of 33.5%.
Tax Rates for St. Peter
- The Sales Tax Rate for St. Peter is 7.4%. The US average is 7.3%.
- The Income Tax Rate for St. Peter 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 St. Peter
- The average income of a St. Peter resident is $20,429 a year. The US average is $28,555 a year.
- The Median household income of a St. Peter resident is $59,692 a year. The US average is $69,021 a year.