Maywood, MN is a small town located just outside the Twin Cities of Minnesota. It has a population of just over 5,000 people and offers the comfort and convenience of being close to city amenities while still maintaining its rural charm. Rent for two bedroom apartments is reasonably priced at $1,050 per month, which is significantly lower than the national average rent. Grocery costs are also lower than the US average cost index of 100, making it an affordable place to live.
The town of Maywood has a few local companies and businesses such as Fabrics Plus Upholstery, which specializes in custom furniture upholstery; Orchid Ridge Nursery & Garden Center offering landscaping materials and plants; and J&J Auto Repair for all your auto repair needs. There are also plenty of restaurants and shops in Maywood that offer unique items such as antiques, books, souvenirs, home decorations, apparel and more. With all these options available right in town, Maywood offers residents the convenience to shop locally for their needs without having to travel far away.
Maywood has an unemployment rate of 6.1%. The US average is 6.0%.
Maywood has seen the job market decrease by -2.4% over the last year. Future job growth over the next ten years is predicted to be 33.5%, which is higher than the US average of 33.5%.
Tax Rates for Maywood
- The Sales Tax Rate for Maywood is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Maywood 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 Maywood
- The average income of a Maywood resident is $30,837 a year. The US average is $37,638 a year.
- The Median household income of a Maywood resident is $92,841 a year. The US average is $69,021 a year.