Randolph, MN is a small city located in Minnesota with a population size that is not included here. The average 2 bedroom rent in Randolph, MN is $1,390 which is slightly lower than the U.S. average of $1,430. The cost of living index for groceries in Randolph, MN is higher than the US at 102 compared to 100 respectively.
Randolph, MN has a number of local companies such as Taylor Industries LLC, Royster Corporation Inc., and Creative Krafts & Decor Inc., just to name a few. All these businesses contribute to the economic growth of the area which helps keep the cost of living low for its residents. Despite having a slightly higher grocery cost index compared to the US, overall Randolph's cost of living remains affordable for those looking to settle down in this city.
Randolph has an unemployment rate of 4.1%. The US average is 6.0%.
Randolph has seen the job market decrease by -3.7% over the last year. Future job growth over the next ten years is predicted to be 36.7%, which is higher than the US average of 33.5%.
Tax Rates for Randolph
- The Sales Tax Rate for Randolph is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Randolph 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 Randolph
- The average income of a Randolph resident is $33,461 a year. The US average is $37,638 a year.
- The Median household income of a Randolph resident is $80,536 a year. The US average is $69,021 a year.