London, MN is a small city located in southeastern Minnesota. Although its population numbers are not known, the cost of living is lower than average in comparison to the United States as a whole. The average rent for a two bedroom apartment in London, MN is $900 per month while the same amount of space would be $1,430 monthly in the US. When it comes to groceries, residents of London benefit from an index of 95 versus 100 across the country.
London has much to offer its citizens such as nearby recreational activities like hunting and fishing at Wabasha Creek or visiting Lake City which is only 10 miles away. Local companies include Rochester Sand & Gravel as well as London Floral & Gifts which serves a variety of customers from corporate events to daily flower delivery. Additionally, there are many restaurants serving up delicious local cuisine like Ron's Bar & Grill or Burger Barn where you can get all your comfort food favorites.
Overall, London has plenty to offer its citizens with its vibrant culture and lower cost of living than many other cities in the US. It provides an affordable lifestyle that allows folks to save more money while still enjoying all the amenities that come with living in this great town.
London has an unemployment rate of 4.5%. The US average is 6.0%.
London has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 22.6%, which is lower than the US average of 33.5%.
Tax Rates for London
- The Sales Tax Rate for London is 7.9%. The US average is 7.3%.
- The Income Tax Rate for London 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 London
- The average income of a London resident is $32,686 a year. The US average is $28,555 a year.
- The Median household income of a London resident is $80,625 a year. The US average is $69,021 a year.