Cerro Gordo, MN is a small town located near the city of Minneapolis. It is home to around 1,000 people and offers a relaxed atmosphere compared to its urban counterparts. The local businesses in Cerro Gordo include fast food chains like McDonald's and Burger King as well as grocery stores such as Walmart and Target. In terms of rent prices, two bedroom apartments in Cerro Gordo cost approximately $790 per month while the US average for two bedrooms is $1,430. Grocery costs in Cerro Gordo are considered lower than most areas with an index score of 93 while the US has an index score of 100.
Cerro Gordo has an unemployment rate of 4.5%. The US average is 6.0%.
Cerro Gordo has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 10.0%, which is lower than the US average of 33.5%.
Tax Rates for Cerro Gordo
- The Sales Tax Rate for Cerro Gordo is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Cerro Gordo 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 Cerro Gordo
- The average income of a Cerro Gordo resident is $38,561 a year. The US average is $37,638 a year.
- The Median household income of a Cerro Gordo resident is $76,875 a year. The US average is $69,021 a year.