Milo, MN is a small city located in southeastern Minnesota that has plenty to offer its residents. The rent for a two-bedroom apartment in Milo is $1,090, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Milo is 98 compared to 100 nationally. There are many local businesses in Milo that make living there so convenient such as the Cozy Corner Cafe, Johnson's Auto Repair, and Patterson's Hardware. All of these amenities combined with competitive housing costs provide an ideal place to live for families or individuals alike.
Milo has an unemployment rate of 7.9%. The US average is 6.0%.
Milo has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 31.9%, which is lower than the US average of 33.5%.
Tax Rates for Milo
- The Sales Tax Rate for Milo is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Milo 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 Milo
- The average income of a Milo resident is $23,684 a year. The US average is $28,555 a year.
- The Median household income of a Milo resident is $78,906 a year. The US average is $69,021 a year.