Edison, MN is an attractive town that offers affordable living options. The median 2 bedroom rent in Edison is $760, which is much more affordable than the US average of $1,430. Additionally, grocery costs in Edison are 92 compared to 100 in the US on a national index. This makes it easy for locals to save money while still purchasing quality goods. There are a variety of local companies in Edison that offer products and services to residents such as Hanson’s Hardware and Cook’s Clothing Store. These stores provide convenient offerings at competitive prices that make them favored among local citizens.
Edison has an unemployment rate of 5.6%. The US average is 6.0%.
Edison has seen the job market decrease by -1.8% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Edison
- The Sales Tax Rate for Edison is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Edison 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 Edison
- The average income of a Edison resident is $44,145 a year. The US average is $37,638 a year.
- The Median household income of a Edison resident is $101,250 a year. The US average is $69,021 a year.