Leeds, MN is a small town located in Dakota County. With a population of only 2,561 people according to the 2019 census, Leeds is known for its quiet atmosphere and friendly locals. Despite its small size, Leeds has much to offer residents. The average rent for a two-bedroom apartment in Leeds is $840 per month, which is nearly 40% lower than the national average. Additionally, the Grocery Cost Index (GCI) in Leeds is also slightly lower than the national average at 94 versus 100.
Leeds has many local companies that contribute to its economy. Businesses such as O&H Danish Bakery, Green Prairie International LLC., Leed Stone Inc., and Mallinsons Plumbing & Heating have long been important employers in the town and continue to provide excellent service today.
Overall, Leeds is an excellent place to live for those looking for a quiet environment with access to plenty of amenities. With affordable housing costs and low grocery prices, living comfortably in Leeds does not require breaking the bank.
Leeds has an unemployment rate of 6.4%. The US average is 6.0%.
Leeds has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 20.4%, which is lower than the US average of 33.5%.
Tax Rates for Leeds
- The Sales Tax Rate for Leeds is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Leeds 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 Leeds
- The average income of a Leeds resident is $38,711 a year. The US average is $37,638 a year.
- The Median household income of a Leeds resident is $65,625 a year. The US average is $69,021 a year.