Carimona, MN is a great place to live and work. The rent for a two bedroom apartment is significantly lower than the national average, at just $830 compared with $1,430 across the United States. Additionally, the city offers an affordable cost of living with a Grocery Cost Index of 96 compared to 100 nationally. There are plenty of local businesses in Carimona such as The Carimona Coffee Company and Collins Construction that employ many locals and contribute to the local economy. With its low housing costs and Grocery Cost Index, Carimona is an ideal location for those seeking an affordable lifestyle without sacrificing quality.
Carimona has an unemployment rate of 4.7%. The US average is 6.0%.
Carimona has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 29.3%, which is lower than the US average of 33.5%.
Tax Rates for Carimona
- The Sales Tax Rate for Carimona is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Carimona 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 Carimona
- The average income of a Carimona resident is $34,224 a year. The US average is $28,555 a year.
- The Median household income of a Carimona resident is $73,438 a year. The US average is $69,021 a year.