Grey Cloud Island, MN is a small city located just outside the Twin Cities Metro area in Minnesota. It is a great place for people who want to experience a rural lifestyle but still have access to the basic amenities of a city. Rent on two-bedroom apartments is relatively affordable at $1,440 in Grey Cloud Island compared to the national average of $1,430. Grocery cost index in Grey Cloud Island is slightly lower than the national average at 99 versus 100.
The city of Grey Cloud Island has many local businesses that residents can visit for shopping and dining experiences. Some of these establishments include Blue Alpaca Boutique, Max's Cafe & Bakery, Beachwood Pet Store, and Veggies & More Health Market. Each business offers unique products and services that make it an ideal destination for locals and tourists alike. By comparing the rent prices and grocery cost index in Grey Cloud Island to those of the US, it becomes evident that this city provides an affordable living environment with all the essential amenities one needs.
Grey Cloud Island has an unemployment rate of 3.9%. The US average is 6.0%.
Grey Cloud Island has seen the job market decrease by -3.7% over the last year. Future job growth over the next ten years is predicted to be 36.4%, which is higher than the US average of 33.5%.
Tax Rates for Grey Cloud Island
- The Sales Tax Rate for Grey Cloud Island is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Grey Cloud Island 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 Grey Cloud Island
- The average income of a Grey Cloud Island resident is $57,328 a year. The US average is $37,638 a year.
- The Median household income of a Grey Cloud Island resident is $105,625 a year. The US average is $69,021 a year.