Rockwell, MN is a beautiful small town located in the US. It has a population of around 6,800 people and boasts many local businesses and services. The 2 bedroom rent in Rockwell is considerably lower than the US average at $1,220 compared to $1,430. Additionally, the grocery cost index is also lower at 94 versus 100 in the US. This makes it an attractive place to live for low-income families or those looking to save money on their living expenses. Local companies and services include Rockwell Hardware & Supply Co., Rockwell Country Store, Calabria’s Italian Pizza & Pasta Restaurant, Rockwell Cafe, and First Midwest Bank. All these businesses provide excellent service and products in the area.
Rockwell has an unemployment rate of 5.7%. The US average is 6.0%.
Rockwell has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 17.2%, which is lower than the US average of 33.5%.
Tax Rates for Rockwell
- The Sales Tax Rate for Rockwell is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Rockwell 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 Rockwell
- The average income of a Rockwell resident is $26,281 a year. The US average is $37,638 a year.
- The Median household income of a Rockwell resident is $44,750 a year. The US average is $69,021 a year.