Reiner, MN is a small town in the US with a population of around 6500. It is known for its rural atmosphere and low cost of living. Rent for a two bedroom apartment in Reiner is much lower than the national average at $930. In addition, the grocery cost index in Reiner is 94 – 6 points lower than the national average of 100. As a result, living in Reiner can be more affordable than many other places in the country. There are several local companies that contribute to the economy of Reiner, such as Doe's Grocery Store, which offers good deals on groceries at an estimated cost index of 88; Jones Home Repair, which provides quality home repair services at an estimated cost index of 92; and Smith's Hardware Store which sells tools and hardware for competitive rates with an estimated cost index of 91.
Reiner has an unemployment rate of 5.7%. The US average is 6.0%.
Reiner has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 19.9%, which is lower than the US average of 33.5%.
Tax Rates for Reiner
- The Sales Tax Rate for Reiner is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Reiner 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 Reiner
- The average income of a Reiner resident is $23,295 a year. The US average is $28,555 a year.
- The Median household income of a Reiner resident is $63,500 a year. The US average is $69,021 a year.