Mayfield, MN is an ideal place to live! Located in the heart of Minnesota, Mayfield offers plenty of opportunities with its close proximity to St. Paul, Minneapolis and other cities nearby. This small town also has a friendly atmosphere with great local businesses such as Mayfield Coffee House, Ed's Hardware Store and Kline's Pub & Grill. The cost of living is very reasonable compared to other parts of the US, as the average rent for a two bedroom apartment is $850. This is significantly lower than the national average of $1,430 for two bedrooms. Additionally, grocery costs are about 6% less than that of the US overall. All these factors make Mayfield an attractive place to settle down.
Mayfield has an unemployment rate of 5.7%. The US average is 6.0%.
Mayfield 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 19.9%, which is lower than the US average of 33.5%.
Tax Rates for Mayfield
- The Sales Tax Rate for Mayfield is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Mayfield 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 Mayfield
- The average income of a Mayfield resident is $39,955 a year. The US average is $28,555 a year.
- The Median household income of a Mayfield resident is $77,500 a year. The US average is $69,021 a year.