Leavenworth, MN is a small rural town located just outside of the Twin Cities metropolitan area. It is known for its rolling hills and friendly communities. The cost of living in Leavenworth is much lower than the US average due to its rural location. For example, 2 bedroom rent in Leavenworth is $900 versus $1,430 nationally and the grocery cost index here is 96 compared to 100 nationally. Local companies include Leavenworth Farm & Garden, Levenworth Honey Co., and Bravado Coffee Company. All these businesses serve to bring good jobs and stable incomes to locals which keeps costs of living low by creating competition amongst service providers while allowing local entrepreneurs to thrive in an environment free from large corporate influence.
Leavenworth has an unemployment rate of 4.8%. The US average is 6.0%.
Leavenworth has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 26.6%, which is lower than the US average of 33.5%.
Tax Rates for Leavenworth
- The Sales Tax Rate for Leavenworth is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Leavenworth 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 Leavenworth
- The average income of a Leavenworth resident is $38,482 a year. The US average is $28,555 a year.
- The Median household income of a Leavenworth resident is $76,667 a year. The US average is $69,021 a year.