Florida, Minnesota is a small town located about 38 miles from Minneapolis. Home to a population of just over 2,000 people, it has a lot to offer despite its size. The town is known for its low cost of living; the average rent for a two-bedroom apartment is $850 compared to the national average of $1,430. Groceries are also relatively inexpensive with an index of 95 versus 100 nationally. The area features several local companies such as the Florida Dairy Farmers and Florida Fish Hatchery, and offers many outdoor activities such as golfing and fishing in the nearby lakes. Other attractions include historical sites like St. John’s Church and the Minnesota Valley State Trail Park. With so much to offer, Florida is an excellent option for those looking to live near Minneapolis without paying big city prices.
Florida has an unemployment rate of 4.4%. The US average is 6.0%.
Florida has seen the job market decrease by -1.6% over the last year. Future job growth over the next ten years is predicted to be 14.9%, which is lower than the US average of 33.5%.
Tax Rates for Florida
- The Sales Tax Rate for Florida is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Florida 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 Florida
- The average income of a Florida resident is $38,431 a year. The US average is $37,638 a year.
- The Median household income of a Florida resident is $48,750 a year. The US average is $69,021 a year.