Ida, MN is a small town located in Minnesota with a population of just over 700 people according to the 2010 census. It is an affordable place to live as the average 2 bedroom rent is $870 compared to the US average of $1,430. The grocery cost index in Ida, MN is 100 while the national US index is also 100. The town has many local businesses including Ida Country Store which offers fresh produce and other groceries as well as Ice Cream Parlor & Bakery which serves delicious homemade treats. Amenities include a public library and several parks where people can enjoy outdoor activities. There are also several restaurants in town like Red Wing Steakhouse, Denny's Pizza & Cafe and Applebee's Bar & Grill that offer a variety of dishes for everyone to enjoy.
Ida has an unemployment rate of 4.1%. The US average is 6.0%.
Ida has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 36.5%, which is higher than the US average of 33.5%.
Tax Rates for Ida
- The Sales Tax Rate for Ida is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Ida 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 Ida
- The average income of a Ida resident is $36,057 a year. The US average is $28,555 a year.
- The Median household income of a Ida resident is $81,953 a year. The US average is $69,021 a year.