Wheaton, MN is an ideal location for those looking for a place that offers good value and a peaceful atmosphere. The cost of living in Wheaton is quite affordable, with the average two bedroom rent being only $760 compared to the US rate of $1,430. Additionally, grocery costs are also more economical in Wheaton as the Grocery Cost Index is 93 versus 100 in the US. This makes it easier on your wallet when shopping for everyday essentials.
There are a few local companies located within Wheaton such as Dayspring RV Center which specializes in recreational vehicles and sales, Summit Foods which offers fresh produce and bakery items from local farmers and Wheaton Health Services which provides comprehensive medical care to individuals and families. With its low cost of living and access to quality services, Wheaton makes an excellent choice for those looking for a new home.
Wheaton has an unemployment rate of 5.0%. The US average is 6.0%.
Wheaton has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 25.5%, which is lower than the US average of 33.5%.
Tax Rates for Wheaton
- The Sales Tax Rate for Wheaton is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Wheaton 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 Wheaton
- The average income of a Wheaton resident is $26,937 a year. The US average is $28,555 a year.
- The Median household income of a Wheaton resident is $46,193 a year. The US average is $69,021 a year.