Northfield, Minnesota is a small city situated in the south of the Twin Cities metropolitan area. This city is known for its safe neighborhoods, quality schools, and museums. There are many private companies and local institutions that make Northfield an attractive place to live. These include PDC Brands, Archer-Daniels Midland Company, 3M Corporation, St. Olaf College and Carleton College. The Cannon River Enhancement Association helps with restoring rivers and streams through monitoring water quality and promoting conservation practices. The Northfield Historical Society works to preserve the history of Northfield by offering tours around the downtown area highlighting various buildings and sites. With affordable rent prices compared to the rest of the US and a moderate grocery cost index, Northfield is a great place to consider for those who want to be close to Minneapolis but prefer a more rural setting.
Northfield has an unemployment rate of 4.2%. The US average is 6.0%.
Northfield has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 37.9%, which is higher than the US average of 33.5%.
Tax Rates for Northfield
- The Sales Tax Rate for Northfield is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Northfield 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 Northfield
- The average income of a Northfield resident is $24,011 a year. The US average is $28,555 a year.
- The Median household income of a Northfield resident is $73,877 a year. The US average is $69,021 a year.