Canby, MN is a small city located in Yellow Medicine County. The cost of living in Canby is very reasonable, with the average rent for 2 bedrooms being only $850 and the grocery cost index being 95 versus 100 in the US. This makes it an attractive place to live for those looking to save money while still having access to amenities and services. There are several local companies in Canby such as Schatzlein Sash & Door, Cedar Street Co., INC., Chomko Funeral Home & Crematory, and Image Studio Salon & Spa. These firms offer a range of services such as window installation, construction services, funeral planning, and beauty treatments.
Canby has an unemployment rate of 4.4%. The US average is 6.0%.
Canby has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 14.9%, which is lower than the US average of 33.5%.
Tax Rates for Canby
- The Sales Tax Rate for Canby is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Canby 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 Canby
- The average income of a Canby resident is $21,039 a year. The US average is $28,555 a year.
- The Median household income of a Canby resident is $53,634 a year. The US average is $69,021 a year.