Mound, MN is a small suburb located in the Minneapolis-St. Paul metro area. It's a great place to live due to its affordable 2 bedroom rent of $1,380 which is notably lower than the US average of $1,430. Additionally, Mound has a grocery cost index of 103 compared to the national index of 100. Some popular companies that are based in Mound include Minnetronix Medical Inc., City Of Lakes Community Land Trust and Advanced Conversion Technology (ACT). Not only does living in Mound provide you with low costs but it also offers plenty of job opportunities with these well-known businesses.
Mound has an unemployment rate of 4.2%. The US average is 6.0%.
Mound has seen the job market decrease by -3.6% over the last year. Future job growth over the next ten years is predicted to be 36.9%, which is higher than the US average of 33.5%.
Tax Rates for Mound
- The Sales Tax Rate for Mound is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Mound 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 Mound
- The average income of a Mound resident is $56,551 a year. The US average is $37,638 a year.
- The Median household income of a Mound resident is $80,583 a year. The US average is $69,021 a year.