Plymouth, MN is a vibrant city located in the Twin Cities metropolitan area. It is home to many businesses and local companies such as General Mills, Cargill and US Bank. In addition, it offers a desirable cost of living with an affordable two bedroom rental average of $1,770 - lower than the national average of $1,430. Furthermore, grocery costs are slightly higher with an index of 104 versus the national 100. With its strong local economy and convenient location Plymouth provides residents with a great quality of life.
Plymouth has an unemployment rate of 3.4%. The US average is 6.0%.
Plymouth 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 39.2%, which is higher than the US average of 33.5%.
Tax Rates for Plymouth
- The Sales Tax Rate for Plymouth is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Plymouth 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 Plymouth
- The average income of a Plymouth resident is $62,270 a year. The US average is $37,638 a year.
- The Median household income of a Plymouth resident is $119,813 a year. The US average is $69,021 a year.