Redby, MN is a small town located in the northeast of the state. It is known for its affordability when compared to national averages. Rent prices for two bedroom apartments are only $1,040 which is significantly less that the U.S average of $1,430. The grocery cost index is also lower than the national average at 91 versus 100. Local companies in Redby include Redby Auto Parts, Backyard Greenhouse and Garden Supply and Pat's Country Store. All offer quality service and merchandise to locals. Redby also has a local farmers' market open during summer months where locally grown produce can be purchased.
Redby has an unemployment rate of 5.1%. The US average is 6.0%.
Redby has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 29.5%, which is lower than the US average of 33.5%.
Tax Rates for Redby
- The Sales Tax Rate for Redby is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Redby 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 Redby
- The average income of a Redby resident is $12,340 a year. The US average is $28,555 a year.
- The Median household income of a Redby resident is $40,302 a year. The US average is $69,021 a year.