River, MN is an ideal place to live with affordable rent and grocery costs making it attractive to those on a budget. Located about an hour away from the Twin Cities area, River, MN offers a great suburban lifestyle. Local businesses and community events give the area a unique flavor. Top employers include St. Jude Medical Center, Wabasha-Kellogg Schools, and the Mayo Clinic in nearby Rochester. The town also features several parks and trails for outdoor activities along with many small cafés, restaurants, and shops. With its variety of amenities and close proximity to larger cities, River, MN is a great place to call home for those looking for affordability without sacrificing convenience or opportunity.
River has an unemployment rate of 6.0%. The US average is 6.0%.
River has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 15.7%, which is lower than the US average of 33.5%.
Tax Rates for River
- The Sales Tax Rate for River is 6.9%. The US average is 7.3%.
- The Income Tax Rate for River 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 River
- The average income of a River resident is $28,803 a year. The US average is $28,555 a year.
- The Median household income of a River resident is $83,750 a year. The US average is $69,021 a year.