Arena, MN is a small town in Minnesota that offers its residents a great quality of life. The average two-bedroom rent is $750, which is much lower than the national average of $1,430. Additionally, the Grocery Cost Index in Arena is 93 compared to the national index of 100. These low prices make living in Arena very cost effective.
Residents of Arena enjoy many local businesses such as United Farmer's Market, Simply Delicious Bakery & Cafe, and Blue Barn Flea Market. There are also plenty of nearby attractions for those looking for something to do on the weekend including Maplewood State Park, Lynn Lake State Park and Zippel Bay State Park. With so many amenities and low costs of living, it's easy to see why Arena is popular amongst locals and visitors alike!
Arena has an unemployment rate of 4.5%. The US average is 6.0%.
Arena has seen the job market decrease by -1.5% over the last year. Future job growth over the next ten years is predicted to be 10.0%, which is lower than the US average of 33.5%.
Tax Rates for Arena
- The Sales Tax Rate for Arena is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Arena 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 Arena
- The average income of a Arena resident is $32,481 a year. The US average is $28,555 a year.
- The Median household income of a Arena resident is $64,750 a year. The US average is $69,021 a year.