Sunrise, MN is a small city in Minnesota with a population of about 5,000 people. It is located just 17 miles away from Minneapolis and has become known as an affordable and desirable place to live due to its low cost of living. The average rent for a two bedroom apartment is $1,390 whereas the US average for such apartments is $1,430. Also, the grocery cost index in Sunrise is equal to that of the US average (100). Popular local businesses include Sunrise Grocery Store, which offers a variety of fresh produce and other goods at competitive prices; Sunrise Cafe, which serves delicious American-style dishes; and Sunrise Floral Shop, which provides unique floral arrangements for special occasions. In general, residents can expect to take advantage of great deals on housing costs and other necessities in this small city.
Sunrise has an unemployment rate of 5.4%. The US average is 6.0%.
Sunrise 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 35.3%, which is higher than the US average of 33.5%.
Tax Rates for Sunrise
- The Sales Tax Rate for Sunrise is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Sunrise 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 Sunrise
- The average income of a Sunrise resident is $28,318 a year. The US average is $28,555 a year.
- The Median household income of a Sunrise resident is $93,393 a year. The US average is $69,021 a year.