Cleveland, MN is a small city located in Sibley County. It has a rich history, strong economy and friendly people. The local companies that make up this wonderful town include All American Co-op, Central Bank Minnesota, White Memorial Medical Center and Roberson Petroleum. The cost of living in Cleveland, MN is substantially cheaper than in other parts of the United States. For example, 2 bedroom rent in Cleveland is approximately $860 per month compared to the US average of $1,430 per month. Similarly, grocery cost index for Cleveland (100) is almost on par with the US average (100). This makes Cleveland an ideal place for those looking for a place to live at an affordable price.
Cleveland has an unemployment rate of 6.8%. The US average is 6.0%.
Cleveland has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 31.0%, which is lower than the US average of 33.5%.
Tax Rates for Cleveland
- The Sales Tax Rate for Cleveland is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Cleveland 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 Cleveland
- The average income of a Cleveland resident is $27,443 a year. The US average is $28,555 a year.
- The Median household income of a Cleveland resident is $81,250 a year. The US average is $69,021 a year.