Baytown, MN is a small city with a population of just over 8,000. Despite its size, Baytown boasts a vibrant economy that features a number of local businesses such as Starbuck’s Pharmacy, Williams Auto Parts and Moonly Books. Residents of Baytown enjoy relatively affordable rates on rent for 2 bedroom homes; these are priced at $1,400 compared to the national average of $1,430. Additionally, grocery costs are lower than average in Baytown with a grocery cost index of 104 versus 100 nationally. All in all, Baytown provides an enviable quality of life with cost of living that is below the national average.
Baytown has an unemployment rate of 3.9%. The US average is 6.0%.
Baytown has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 36.4%, which is higher than the US average of 33.5%.
Tax Rates for Baytown
- The Sales Tax Rate for Baytown is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Baytown 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 Baytown
- The average income of a Baytown resident is $62,959 a year. The US average is $28,555 a year.
- The Median household income of a Baytown resident is $172,500 a year. The US average is $69,021 a year.