Regal, MN is a quaint community located in the heart of Minnesota. It offers a number of amenities for its residents including shopping, restaurants, and recreational activities. The cost of living in Regal is very reasonable with a median 2 bedroom rent being $900 and a grocery index of 95 versus 100 at the national level. Local companies in the area include Regal Hardware Store, Regal Grocery Store, and Regal Coffee Shop. All three offer competitive prices on goods and services within their respective industries. With its affordable housing options and low cost of living, Regal is an ideal community for individuals looking to settle down in Minnesota.
Regal has an unemployment rate of 4.9%. The US average is 6.0%.
Regal 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 Regal
- The Sales Tax Rate for Regal is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Regal 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 Regal
- The average income of a Regal resident is $32,667 a year. The US average is $28,555 a year.
- The Median household income of a Regal resident is $73,750 a year. The US average is $69,021 a year.