Mahtomedi, MN is a nice city located in Washington County that offers its residents great amenities. The median 2 bedroom rent in Mahtomedi is $1,680 which is higher than the US national average of $1,430. Additionally, the Grocery Cost Index in Mahtomedi (105) is higher than the US average (100). Some popular local companies include 3M, The West Group and Summit Brewing Company. Overall, Mahtomedi has plenty to offer its residents including higher rent prices and a higher grocery cost index than the national average.
Mahtomedi has an unemployment rate of 3.9%. The US average is 6.0%.
Mahtomedi 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 36.4%, which is higher than the US average of 33.5%.
Tax Rates for Mahtomedi
- The Sales Tax Rate for Mahtomedi is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Mahtomedi 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 Mahtomedi
- The average income of a Mahtomedi resident is $66,358 a year. The US average is $37,638 a year.
- The Median household income of a Mahtomedi resident is $124,276 a year. The US average is $69,021 a year.