Midway, MN is a small town located in the Twin Cities area. It has a population of around 3,000 people and is known for its friendly atmosphere and quality of life. The rent for a 2 bedroom apartment is much lower than the US average at only $810 per month. Other costs such as grocery are also lower in Midway compared to the national average with an index score of 93 versus 100 for the US. \nMidway’s local economy is driven by companies like Andersen Windows and Doors, DACHSER USA Logistics, Atlas Staffing Solutions and more. Some landmarks include Grand Avenue Mall, Historic Afton House Inn, Carver Lake Beach Park and more. All these amenities combined with low cost of living makes Midway an ideal place to live in Minnesota.
Midway has an unemployment rate of 8.1%. The US average is 6.0%.
Midway has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 23.0%, which is lower than the US average of 33.5%.
Tax Rates for Midway
- The Sales Tax Rate for Midway is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Midway 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 Midway
- The average income of a Midway resident is $7,367 a year. The US average is $28,555 a year.
- The Median household income of a Midway resident is $56,250 a year. The US average is $69,021 a year.