Galena, MN is a small city in northwest Minnesota. It is known for its proximity to the beautiful lake region of the state and for its numerous outdoor activities, such as fishing and hunting. The median cost of rent for a two-bedroom unit in Galena is $860 per month, which is much lower than the US national average of $1,430. Additionally, the grocery cost index in Galena is 93 compared to 100 in the US, making it significantly more cost effective to live and shop in this city. Some local companies include Joe's Country Market, North Star Implements Inc., and Hockenberry Heating & Cooling LLC.
Galena has an unemployment rate of 4.3%. The US average is 6.0%.
Galena has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 25.1%, which is lower than the US average of 33.5%.
Tax Rates for Galena
- The Sales Tax Rate for Galena is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Galena 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 Galena
- The average income of a Galena resident is $33,434 a year. The US average is $28,555 a year.
- The Median household income of a Galena resident is $86,250 a year. The US average is $69,021 a year.