Riceland, MN is a small city located in the United States. It is known for its low cost of living and friendly atmosphere. The median yearly income for people living in Riceland, MN is approximately $50,000. Rent for a two bedroom apartment in Riceland is significantly lower than the national average at only $900 compared to $1,430 across the US. Additionally, the Grocery Cost Index is 94 versus 100 in the US. This makes it an affordable place to live.
Riceland has many local companies that provide jobs for its residents, such as Riceland Bank, Burrows Manufacturing Company, and Greco Motors. There are also several family-owned restaurants and stores that make up the unique fabric of this city's commerce scene. Whether you're looking to relocate or just visit Riceland, you can count on finding an abundance of opportunity here.
Riceland has an unemployment rate of 4.5%. The US average is 6.0%.
Riceland has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 22.6%, which is lower than the US average of 33.5%.
Tax Rates for Riceland
- The Sales Tax Rate for Riceland is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Riceland 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 Riceland
- The average income of a Riceland resident is $30,349 a year. The US average is $28,555 a year.
- The Median household income of a Riceland resident is $102,679 a year. The US average is $69,021 a year.