Waterbury, MN is a small town located in Rice County with a population of 827 people. The town is known for its peaceful atmosphere and affordable living expenses. The average rent for a 2 bedroom apartment is $840, while the US average is $1,430 - making Waterbury an attractive place to live and save money. Additionally, the grocery cost index in Waterbury is 94 compared to 100 nationally, making it even more economical to live there. Local companies in Waterbury include Ehrke Hardware, Reimers Furniture & Floor Covering, and Waterbury Farms Dairy Store. All three of these businesses have been around since the early days of the town and remain popular amongst both locals and visitors alike.
Waterbury has an unemployment rate of 5.5%. The US average is 6.0%.
Waterbury has seen the job market decrease by -2.8% over the last year. Future job growth over the next ten years is predicted to be 5.0%, which is lower than the US average of 33.5%.
Tax Rates for Waterbury
- The Sales Tax Rate for Waterbury is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Waterbury 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 Waterbury
- The average income of a Waterbury resident is $30,393 a year. The US average is $28,555 a year.
- The Median household income of a Waterbury resident is $109,375 a year. The US average is $69,021 a year.