Dayton, MN is a small city in Hennepin County. The population is estimated at around 6,900 people. This area is known for its great living environment and affordable real estate prices. The average two-bedroom rent in Dayton, MN is $1,760 per month which is lower than the US average of $1,430 per month. The grocery cost index in Dayton is 102 versus 100 in the US so groceries are more expensive compared to other areas. Additionally, there are many local businesses that make this area a great place to live and work such as Gerten’s Greenhouses and Floral, Valley Lanes Bowling Center, and Kowalski’s Market.
Dayton has an unemployment rate of 4.2%. The US average is 6.0%.
Dayton 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 36.9%, which is higher than the US average of 33.5%.
Tax Rates for Dayton
- The Sales Tax Rate for Dayton is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Dayton 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 Dayton
- The average income of a Dayton resident is $39,199 a year. The US average is $28,555 a year.
- The Median household income of a Dayton resident is $119,741 a year. The US average is $69,021 a year.