Cobden, MN is a small rural town located in the Midwest region of the United States. It is known for its picturesque scenery and charming small-town atmosphere. Local companies in Cobden, MN include several family-owned farms, a few antique stores, and a small grocery store. The cost of living is relatively low in Cobden due to its size and location. Rent for a two bedroom apartment averages around $940 per month which is significantly lower than the national average of $1,430. Grocery costs in Cobden are slightly lower than the national average with an index score of 97 compared to 100 in the US overall.
Cobden has an unemployment rate of 4.8%. The US average is 6.0%.
Cobden has seen the job market decrease by -2.3% over the last year. Future job growth over the next ten years is predicted to be 26.6%, which is lower than the US average of 33.5%.
Tax Rates for Cobden
- The Sales Tax Rate for Cobden is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Cobden 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 Cobden
- The average income of a Cobden resident is $36,630 a year. The US average is $37,638 a year.
- The Median household income of a Cobden resident is $0 a year. The US average is $69,021 a year.