Ceylon, MN is a small town located in the southwestern region of Minnesota. Although the population of this small town is unknown, it has become attractive to residents due to its low cost of living. For example, the 2 Bedroom rent in Ceylon is $740 which is significantly lower than the US average of $1,430. In addition to lower rent prices, groceries are also cheaper with the Grocery Cost Index in Ceylon being 93 compared to 100 in the US. There are many local businesses that offer employment opportunities such as Countryside Vet Clinic, Fiesta Mexicana Restaurant and Bar, Timberland Ventures Inc., and D&G Feeds Inc. Residents who live here find that this is a great place to live and work due to its affordable cost of living.
Ceylon has an unemployment rate of 4.3%. The US average is 6.0%.
Ceylon has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 25.1%, which is lower than the US average of 33.5%.
Tax Rates for Ceylon
- The Sales Tax Rate for Ceylon is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Ceylon 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 Ceylon
- The average income of a Ceylon resident is $18,835 a year. The US average is $28,555 a year.
- The Median household income of a Ceylon resident is $43,750 a year. The US average is $69,021 a year.