Raymond, MN is a small city located in western Minnesota. It has a range of local businesses that provide goods and services to the community, including Grocery stores, hardware stores, restaurants and retail outlets. The cost of living in Raymond is relatively low compared to other cities in the US. For example, rent for a two bedroom apartment costs around $870 per month compared to a national average of $1,430 per month. Groceries also tend to be cheaper than the national average with an index score of 95 versus 100 in the US. Local businesses such as D&K Grocery Store, Hometown Hardware and Pazzo's Pizza offer residents quality products at affordable prices.
Raymond has an unemployment rate of 4.9%. The US average is 6.0%.
Raymond has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 37.1%, which is higher than the US average of 33.5%.
Tax Rates for Raymond
- The Sales Tax Rate for Raymond is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Raymond 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 Raymond
- The average income of a Raymond resident is $21,058 a year. The US average is $28,555 a year.
- The Median household income of a Raymond resident is $57,452 a year. The US average is $69,021 a year.