Kimberly, MN is a small suburb of the Twin Cities located in the southern part of Minnesota. It is a great place to live with affordable rent and cost of living. Two bedroom apartments average around $810 per month, while the US average is $1,430. Grocery Cost Index in Kimberly is 98 compared to 100 for the US.
The city offers a variety of businesses such as Yung Residence Services LLC, which provides professional property management services, and KK Interiors, an interior design company. The city also supports a thriving business community with many local employers such as Roto Rooter Plumbing & Drain Service which provides plumbing services throughout Kimberly and surrounding areas, and K&G Lawn Service which specializes in lawn care for residential clients. Furthermore, there are many other businesses in Kimberly such as banks, restaurants, auto repair shops, retail stores, hair salons and fitness centers. All these businesses provide local jobs to its citizens making Kimberly an excellent place to work and live.
Kimberly has an unemployment rate of 7.1%. The US average is 6.0%.
Kimberly has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.
Tax Rates for Kimberly
- The Sales Tax Rate for Kimberly is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Kimberly 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 Kimberly
- The average income of a Kimberly resident is $31,699 a year. The US average is $37,638 a year.
- The Median household income of a Kimberly resident is $55,500 a year. The US average is $69,021 a year.