Cologne, MN is a small city located in Carver County, Minnesota. It is a great place to live and has an affordable cost of living. The average two bedroom rent in Cologne is $1,490 per month which is comparably cheaper than the US average of $1,430 per month. In addition to lower rent prices, grocery costs are also relatively low with an index of 103 compared to the national average of 100. There are several local companies in Cologne, many of which provide employment opportunities for residents. Companies such as TMD Technologies Inc., Groenewold Electric Co., and Corson Contractors Inc. make up just a few of the businesses that call Cologne home.
Cologne has an unemployment rate of 3.7%. The US average is 6.0%.
Cologne 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 38.0%, which is higher than the US average of 33.5%.
Tax Rates for Cologne
- The Sales Tax Rate for Cologne is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Cologne 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 Cologne
- The average income of a Cologne resident is $27,709 a year. The US average is $28,555 a year.
- The Median household income of a Cologne resident is $108,281 a year. The US average is $69,021 a year.