Waite Park, MN is a great place to live due to its affordability and local businesses. The two bedroom rent in Waite Park is only $1,000 compared to the US average of $1,430. In addition to rental prices being reasonably low, the grocery cost index in Waite Park is 97 - 3 points lower than the US average! Residents are able to benefit from major stores such as Walmart, Target, Hy-Vee and Cashwise located near-by. Waite Park also has restaurants like Applebee’s Grill & Bar for those looking for a nice evening out. Furthermore, the recreational activities that are available in nearby St Cloud will give residents an opportunity to bond with family and friends. All these aspects of Waite Park make it an ideal city for those who want to live without breaking their budget.
Waite Park has an unemployment rate of 4.7%. The US average is 6.0%.
Waite Park has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.
Tax Rates for Waite Park
- The Sales Tax Rate for Waite Park is 7.6%. The US average is 7.3%.
- The Income Tax Rate for Waite Park 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 Waite Park
- The average income of a Waite Park resident is $24,267 a year. The US average is $28,555 a year.
- The Median household income of a Waite Park resident is $47,018 a year. The US average is $69,021 a year.