Rosewood, MN is a small town located in the Midwest. It offers a peaceful life and natural environment with plenty of parks and green spaces to explore. The town is also home to several local businesses including a hardware store, grocery store, café, and hair salon. The cost of living in Rosewood is relatively low compared to other towns in the area and around the country. For example, two-bedroom rent averages $810 per month in Rosewood whereas it averages $1,430 per month nationally. The grocery cost index for Rosewood is 92 versus 100 for the US, making food shopping affordable for locals. All in all, Rosewood provides its residents with comfortable living conditions at an accessible price.
Rosewood has an unemployment rate of 4.4%. The US average is 6.0%.
Rosewood has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 24.4%, which is lower than the US average of 33.5%.
Tax Rates for Rosewood
- The Sales Tax Rate for Rosewood is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Rosewood 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 Rosewood
- The average income of a Rosewood resident is $29,640 a year. The US average is $28,555 a year.
- The Median household income of a Rosewood resident is $82,404 a year. The US average is $69,021 a year.