Highlanding, MN is a small city with a population of around 450,000 people. It is known for its beautiful parks and scenic lakeside views. It is also home to many large companies such as 3M, Best Buy, Cargill, and United Health Group. The cost of living in Highlanding is quite reasonable when compared to other cities in the US. For example, two bedroom rent in Highlanding is $920 per month while the US average for two bedroom rent is $1,430. Additionally grocery costs are relatively low with an index score of 94 compared to the US index score of 100. All in all, Highlanding offers residents a great quality of life at an affordable price.
Highlanding has an unemployment rate of 5.7%. The US average is 6.0%.
Highlanding has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 19.9%, which is lower than the US average of 33.5%.
Tax Rates for Highlanding
- The Sales Tax Rate for Highlanding is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Highlanding 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 Highlanding
- The average income of a Highlanding resident is $25,495 a year. The US average is $37,638 a year.
- The Median household income of a Highlanding resident is $66,250 a year. The US average is $69,021 a year.