Myrtle, MN is a small town located in the Midwest with a population of around 3,000 people. It is an ideal place to live with its low cost of living and close proximity to major cities like Minneapolis. The average two bedroom rent in Myrtle is $900 compared to the US average of $1,430. The grocery cost index in Myrtle stands at 95 versus 100 in the US.
The city also boasts a number of local businesses and educational institutions such as Michaels Automotive, Wolf’s Apples Farm, Central Lakes Health Care System, Myrtle Elementary School and High School, as well as South Central Technical College. With its many attractions for families and individuals alike, Myrtle is a great destination to call home.
Myrtle has an unemployment rate of 4.5%. The US average is 6.0%.
Myrtle has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 22.6%, which is lower than the US average of 33.5%.
Tax Rates for Myrtle
- The Sales Tax Rate for Myrtle is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Myrtle 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 Myrtle
- The average income of a Myrtle resident is $9,716 a year. The US average is $28,555 a year.
- The Median household income of a Myrtle resident is $29,375 a year. The US average is $69,021 a year.