Corinna, MN is a small town located in the heart of Minnesota. It’s known for its friendly locals and vibrant culture. The cost of living in Corinna is quite low with two bedroom rent being $1,220 compared to the US average of $1,430. Additionally, the grocery cost index is also lower than the national average at 100 versus 100. For those looking for an affordable place to live with easy access to other towns nearby, Corinna may be an ideal location.
The local business scene in Corinna includes establishments such as Dick's Corner Store for groceries and supplies, Sondeno's Sports for outdoor recreation needs, and Johnson's Auto Repair for car maintenance. Whatever one may need can be found within this tight-knit community. All in all, Corinna has a lot to offer its residents with its low cost of living and various businesses available throughout the town.
Corinna has an unemployment rate of 4.5%. The US average is 6.0%.
Corinna has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 36.1%, which is higher than the US average of 33.5%.
Tax Rates for Corinna
- The Sales Tax Rate for Corinna is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Corinna 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 Corinna
- The average income of a Corinna resident is $58,635 a year. The US average is $37,638 a year.
- The Median household income of a Corinna resident is $110,375 a year. The US average is $69,021 a year.