Houston, MN is a small city located in Southeastern Minnesota. The cost of living in Houston is quite favorable compared to the rest of the United States. According to recent data, the average 2 bedroom rent is $840 per month in Houston, which is significantly lower than the average US rate of $1,430 per month. Grocery costs also tend to be much more affordable in Houston with an index of 96 compared to 100 for the US as a whole.
The city has plenty to offer with several well-known local companies such as Premier Bank and MutualOne Bank with their corporate headquarters located here. There are also some great attractions such as Lake Louise State Park and Historic Downtown Houston that make it a great place to visit or live.
In conclusion, those looking for an affordable cost of living should consider moving to Houston, MN; where rent and grocery prices are significantly lower than other parts of the country. With its unique local businesses and attractions, it's no wonder so many people choose this city as their home base.
Houston has an unemployment rate of 4.4%. The US average is 6.0%.
Houston has seen the job market decrease by -1.9% over the last year. Future job growth over the next ten years is predicted to be 32.6%, which is lower than the US average of 33.5%.
Tax Rates for Houston
- The Sales Tax Rate for Houston is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Houston 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 Houston
- The average income of a Houston resident is $21,263 a year. The US average is $37,638 a year.
- The Median household income of a Houston resident is $43,750 a year. The US average is $69,021 a year.