Savage, MN is an ideal town for those looking to relocate or settle down. It has a plethora of amenities, from plenty of retail stores and restaurants to beautiful parks and nature trails. The housing market in Savage is affordable with 2 bedroom rentals going for $1,600 compared to the national average of $1,430. Groceries also cost slightly more than the US average in Savage, with an index score of 102 versus 100 nationally. Popular names in the business scene include Savage Pointe Winery & Vineyard, Wayback Burgers and Cedar Lake Farm Regional Park. Plus there are many more great companies that make up the vibrant landscape of Savage, MN.
Savage has an unemployment rate of 3.6%. The US average is 6.0%.
Savage has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 38.2%, which is higher than the US average of 33.5%.
Tax Rates for Savage
- The Sales Tax Rate for Savage is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Savage 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 Savage
- The average income of a Savage resident is $36,932 a year. The US average is $28,555 a year.
- The Median household income of a Savage resident is $115,574 a year. The US average is $69,021 a year.