Effington, MN is a small city situated in the Midwest with a population of around 3,500. The average cost of living in the city is quite reasonable, with 2-bedroom rent coming in at $890 compared to the U.S. average of $1,430. Grocery costs are even lower than the national average at 95 versus 100 respectively. The city has many local businesses that contribute to its vibrant economy such as Effington Health Care Center, Effington Auto and Tire Services, and Effington Veterinary Clinic. Residents can also enjoy a variety of outdoor activities like fishing on Lake Effing or hiking one of the many trails located near the city limits. With its low cost of living and plenty of amenities available, it's no wonder why people are drawn to this small Midwestern town!
Effington has an unemployment rate of 5.3%. The US average is 6.0%.
Effington has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Effington
- The Sales Tax Rate for Effington is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Effington 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 Effington
- The average income of a Effington resident is $29,118 a year. The US average is $28,555 a year.
- The Median household income of a Effington resident is $74,375 a year. The US average is $69,021 a year.