Laona, MN is an ideal town for those looking for an affordable place to live. The average two bedroom rent for Laona, MN is only $870 compared to the US average of $1,430. This savings in rent alone makes Laona a great choice for budget conscious renters. Additionally, the Grocery Cost Index is 95 versus the US index of 100, making it an even more attractive option for those who want to save money on their groceries. Local companies in Laona include Rainy Day Promotions LLC, Open Door Painting Inc., and General Maintenance LLC. All of these businesses provide services that are essential to living in Laona. With relatively low rental prices and a lower Grocery Cost Index than the US average, Laona offers an excellent cost of living without sacrificing quality and convenience.
Laona has an unemployment rate of 3.9%. The US average is 6.0%.
Laona has seen the job market decrease by -2.0% over the last year. Future job growth over the next ten years is predicted to be 8.8%, which is lower than the US average of 33.5%.
Tax Rates for Laona
- The Sales Tax Rate for Laona is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Laona 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 Laona
- The average income of a Laona resident is $23,715 a year. The US average is $28,555 a year.
- The Median household income of a Laona resident is $66,625 a year. The US average is $69,021 a year.