Meadow, MN is a small town in the Midwest which offers great living opportunities to its residents. The rent for a two bedroom apartment is only around $910 per month, making it significantly more affordable than the US average of $1,430. Additionally, there is an overall lower cost of living due to the Grocery Cost Index being 95 compared to 100 in the US. Local businesses such as Meadow Foods and Meadow Electronics are popular among locals as they provide good services and products at competitive costs. Living in Meadow, MN is an ideal choice for those who are looking for a tight-knit community with friendly neighbors and reasonably priced housing options.
Meadow has an unemployment rate of 6.9%. The US average is 6.0%.
Meadow has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 4.3%, which is lower than the US average of 33.5%.
Tax Rates for Meadow
- The Sales Tax Rate for Meadow is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Meadow 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 Meadow
- The average income of a Meadow resident is $21,295 a year. The US average is $28,555 a year.
- The Median household income of a Meadow resident is $47,083 a year. The US average is $69,021 a year.