Cyrus, Minnesota is a small town located in the northwestern area of the state. It is known for its friendly people and strong sense of community. Rent for a two-bedroom apartment is significantly lower than the national average, at $940 compared to $1,430. Grocery costs are also lower than the average found throughout the US with an index reading of 93 versus 100.
Cyrus has an array of local businesses that cater to residents as well as visitors alike. These include Cyrus Hardware, which provides competitive prices for all kinds of home improvement needs; The Sweet Spot, an ice cream parlor serving up delicious treats; and The Corner Store, a convenient one-stop shop for groceries and household items. There's never a shortage of things to do in Cyrus!
Cyrus has an unemployment rate of 4.5%. The US average is 6.0%.
Cyrus has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Cyrus
- The Sales Tax Rate for Cyrus is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Cyrus 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 Cyrus
- The average income of a Cyrus resident is $20,284 a year. The US average is $28,555 a year.
- The Median household income of a Cyrus resident is $55,625 a year. The US average is $69,021 a year.