Taopi, MN is a small town located within Minnesota. It has many local businesses such as Gather & Grow, Aspen Avenue Floral - Gifts & Home Decor, and C&C Repair Services that all contribute to the local economy. Living expenses in Taopi are relatively low with the average 2 bedroom rent being $910 compared to the US average of $1,430. Grocery costs in Taopi are also much lower then the national average, with a grocery cost index of 97 compared to 100 for the US. In conclusion, Taopi is an affordable place to live where local businesses help create a thriving community that benefits from low living costs when compared with other places around the country.
Taopi has an unemployment rate of 4.2%. The US average is 6.0%.
Taopi has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 29.7%, which is lower than the US average of 33.5%.
Tax Rates for Taopi
- The Sales Tax Rate for Taopi is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Taopi 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 Taopi
- The average income of a Taopi resident is $22,662 a year. The US average is $28,555 a year.
- The Median household income of a Taopi resident is $55,000 a year. The US average is $69,021 a year.