Minneola, MN is a small city located in the heart of Minnesota. It is a great place to live for people who want to escape the hustle and bustle of big cities while still enjoying the amenities of city life. The cost of living in Minneola is quite low compared to the US average, with 2 bedroom rent costing $820 versus $1,430 in the US and Grocery Cost Index at 99 compared to 100 in the US. The city boasts a variety of local businesses including Ace Hardware, Minneola Family Dental Care, Minneola Auto Repair and Lakeside Market. With its low-cost living and abundance of local business opportunities, Minneola has something for everyone.
Minneola has an unemployment rate of 4.6%. The US average is 6.0%.
Minneola has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 28.0%, which is lower than the US average of 33.5%.
Tax Rates for Minneola
- The Sales Tax Rate for Minneola is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Minneola 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 Minneola
- The average income of a Minneola resident is $31,109 a year. The US average is $28,555 a year.
- The Median household income of a Minneola resident is $101,350 a year. The US average is $69,021 a year.