Heidelberg, MN is a small town located in the state of Minnesota. It has a population of about 2,000 people and is known for its quiet atmosphere and rural landscape. Despite its small size, Heidelberg provides many amenities to its citizens including several local businesses such as a grocery store, restaurant, hardware store, pharmacy and more. The cost of living in Heidelberg is quite reasonable compared to other places. For example, 2 bedroom rent prices are $1,260 which is lower than the national average of $1,430. Additionally, the Grocery Cost Index in Heidelberg is 101 versus 100 nationally making it a great choice for those looking for an affordable place to live with plenty of available services.
Heidelberg has an unemployment rate of 6.8%. The US average is 6.0%.
Heidelberg has seen the job market decrease by -3.4% over the last year. Future job growth over the next ten years is predicted to be 31.0%, which is lower than the US average of 33.5%.
Tax Rates for Heidelberg
- The Sales Tax Rate for Heidelberg is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Heidelberg 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 Heidelberg
- The average income of a Heidelberg resident is $31,984 a year. The US average is $37,638 a year.
- The Median household income of a Heidelberg resident is $98,750 a year. The US average is $69,021 a year.