Ironton, MN is an attractive city situated in the northern part of Minnesota. It has a relatively low cost of living when compared to other cities in the US. The two-bedroom rent in Ironton is about $970 per month, and grocery costs are nearly 5 percent lower than national averages. There are many local businesses and opportunities for employment, including Fortune 500 companies such as 3M, Cargill and Target. Additionally, there are several top-ranked educational institutions in the area such as the University of Minnesota Twin Cities which offers high-quality education. All these features make Ironton a great place to live with excellent quality of life for its citizens.
Ironton has an unemployment rate of 6.0%. The US average is 6.0%.
Ironton has seen the job market increase by 5.1% over the last year. Future job growth over the next ten years is predicted to be 42.5%, which is higher than the US average of 33.5%.
Tax Rates for Ironton
- The Sales Tax Rate for Ironton is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Ironton 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 Ironton
- The average income of a Ironton resident is $16,336 a year. The US average is $28,555 a year.
- The Median household income of a Ironton resident is $46,875 a year. The US average is $69,021 a year.