Coleraine, Minnesota is a small city with a population of just over 1,000 people. Located in Itasca County along the Mississippi River, Coleraine offers its residents a quality of life that can’t be found anywhere else. With an affordable two-bedroom rent that is significantly lower than the national average and a Grocery Cost Index that is also much lower than the US average, Coleraine is an ideal place for cost-conscious families to settle down. The city has many local businesses such as Billy’s Sports Bar & Grill, JoFo Produce & Market, and Johnson Motors that offer employment opportunities for its citizens and contribute to its vibrant community. Coleraine offers a laidback lifestyle with numerous outdoor activities available like fishing on Big Fork River or hiking through Wolf Ridge Nature Preserve which makes it the perfect place to find your zen.
Coleraine has an unemployment rate of 6.2%. The US average is 6.0%.
Coleraine has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.
Tax Rates for Coleraine
- The Sales Tax Rate for Coleraine is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Coleraine 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 Coleraine
- The average income of a Coleraine resident is $26,693 a year. The US average is $28,555 a year.
- The Median household income of a Coleraine resident is $60,469 a year. The US average is $69,021 a year.