Cedar Mills, MN is a small town located in the northeast of the state. It has a population of approximately 3,000 people making it an ideal place for those looking for peace and quiet. The 2 bedroom rent rate here is very affordable at only $840 compared to the US average of $1,430. Additionally, grocery cost index here in Cedar Mills is 98 which is lower than the US average of 100. This makes living expenses more affordable allowing residents to enjoy more of their income.
The town also has a variety of local businesses that help promote its economic growth. These include Cedar Electronics Store, Cedar Mall Shopping Center, and Cedar Motors Auto Repair Shop. All these businesses provide employment opportunities for members of the community and ensure that everyone can benefit from the local economy.
Cedar Mills has an unemployment rate of 5.2%. The US average is 6.0%.
Cedar Mills has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Cedar Mills
- The Sales Tax Rate for Cedar Mills is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Cedar Mills 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 Cedar Mills
- The average income of a Cedar Mills resident is $27,284 a year. The US average is $28,555 a year.
- The Median household income of a Cedar Mills resident is $48,750 a year. The US average is $69,021 a year.