Cedar Valley, MN is a vibrant community that offers plenty of amenities for its residents. The town is home to a variety of businesses such as Cedar Valley Orthopedic Specialists, Cedar Valley Medical Group, and Cedar Valley Family Dentistry. It is also an affordable place to live with 2 bedroom rent for $820 compared to the U.S. average of $1,430. Additionally, the grocery cost index in Cedar Valley is 93 versus the U.S. average of 100, making it cheaper than most places for groceries. Overall, Cedar Valley has a lot to offer those who want the convenience of modern amenities while still enjoying an affordable lifestyle.
Cedar Valley has an unemployment rate of 4.8%. The US average is 6.0%.
Cedar Valley has seen the job market decrease by -4.0% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Cedar Valley
- The Sales Tax Rate for Cedar Valley is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Cedar Valley 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 Valley
- The average income of a Cedar Valley resident is $36,689 a year. The US average is $37,638 a year.
- The Median household income of a Cedar Valley resident is $64,688 a year. The US average is $69,021 a year.