Linwood, MN is a small city that is known for its low cost of living. Median rent for a two bedroom apartment is just $1,260 compared to the US median of $1,430. The Grocery Cost Index in Linwood is 101, which is slightly higher than the national average of 100. Local businesses in Linwood include stores such as Grandma’s Country Market, an old-fashioned country store selling a variety of grocery items. There’s also Simply Sweet Bakery & Cafe where locals can enjoy homemade cakes and pastries. For those looking to take care of their home improvement needs, there's Able Hardware & Rental Store with all your hardware needs plus rental services for tools and equipment.
Linwood has an unemployment rate of 4.4%. The US average is 6.0%.
Linwood has seen the job market decrease by -3.7% over the last year. Future job growth over the next ten years is predicted to be 35.9%, which is higher than the US average of 33.5%.
Tax Rates for Linwood
- The Sales Tax Rate for Linwood is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Linwood 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 Linwood
- The average income of a Linwood resident is $41,818 a year. The US average is $37,638 a year.
- The Median household income of a Linwood resident is $93,684 a year. The US average is $69,021 a year.