Welcome, MN is a small city located in Minnesota that offers its residents a variety of amenities and conveniences. The cost of living in Welcome, MN is considerably lower than the national average. For example, 2 Bedroom Rent in Welcome, MN is $860 whilst it averages at $1,430 in the US. Similarly, the Grocery Cost Index in Welcome, MN is 94 compared to 100 nationally. With great local companies like Coffee Bean & Tea Leaf and Target located nearby as well as numerous other shops and eateries, Welcome is an attractive option for those looking for an affordable place to live with plenty of modern comforts.
Welcome has an unemployment rate of 4.3%. The US average is 6.0%.
Welcome has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 25.1%, which is lower than the US average of 33.5%.
Tax Rates for Welcome
- The Sales Tax Rate for Welcome is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Welcome 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 Welcome
- The average income of a Welcome resident is $20,846 a year. The US average is $28,555 a year.
- The Median household income of a Welcome resident is $52,031 a year. The US average is $69,021 a year.