Riverside, MN is an idyllic small town located in the state of Minnesota. The cost of living here is very affordable compared to other parts of the country. The median 2 bedroom rent is only $820 whereas the national average is over double that at $1,430. The grocery cost index in Riverside, MN is also quite reasonable at 93 versus 100 in the US.
The town has plenty to offer with many local businesses and attractions for both tourists and residents alike. For example, there are restaurants such as River Valley Cafe and Corral Bar & Grill that provide delicious food, while outdoor enthusiasts can enjoy activities such as Wild Mountain Ski & Snowboard Area or camping at Afton State Park. In addition, there are also several shopping centers located nearby. All in all, Riverside, MN provides a great quality of life for those looking for a cozy place to call home without breaking the bank.
Riverside has an unemployment rate of 4.5%. The US average is 6.0%.
Riverside has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 10.0%, which is lower than the US average of 33.5%.
Tax Rates for Riverside
- The Sales Tax Rate for Riverside is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Riverside 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 Riverside
- The average income of a Riverside resident is $42,140 a year. The US average is $37,638 a year.
- The Median household income of a Riverside resident is $101,328 a year. The US average is $69,021 a year.