Reynolds, MN is a small town located near the Wisconsin border. The cost of living is relatively low, with 2 bedroom rent at $840 compared to the US average of $1,430. Grocery costs are also significantly lower with an index of 95 versus 100 in the US. This makes Reynolds an attractive place to live for those looking for affordability without sacrificing quality of life. \nThe town is home to several local businesses including Common Ground Coffee House, B&N Storefront & Supply Co., and Reynolds Hardware Store. Common Ground serves a variety of hot and cold drinks alongside delicious pastries. B&N Storefront & Supply Co. offers furniture and decorating services as well as interior design classes on-site. Last but not least, Reynolds Hardware Store has been providing hardware needs to the community since 1952 and continues to do so today.
Reynolds has an unemployment rate of 5.4%. The US average is 6.0%.
Reynolds has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 35.6%, which is higher than the US average of 33.5%.
Tax Rates for Reynolds
- The Sales Tax Rate for Reynolds is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Reynolds 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 Reynolds
- The average income of a Reynolds resident is $24,501 a year. The US average is $28,555 a year.
- The Median household income of a Reynolds resident is $48,750 a year. The US average is $69,021 a year.