Schroeder, MN is a small town located in Minnesota. It is known for its low cost of living, with a two bedroom rent costing just $840 compared to the US average of $1,430. Grocery prices in Schroeder are also lower than the national average with a grocery cost index of 100 versus 100 in the US. This makes it an attractive place for those looking for affordability.
There are some local companies in Schroeder including Cozy Pines Resort, which offers lakefront cabins and activities such as fishing, boating and swimming; and Laura's Coffee Shop, which serves freshly brewed coffee and home-made pastries. There are also many outdoor activities available such as hiking, biking and camping at nearby parks and trails. All these amenities make Schroeder an attractive place to live while still being budget conscious.
Schroeder has an unemployment rate of 7.4%. The US average is 6.0%.
Schroeder has seen the job market decrease by -9.6% over the last year. Future job growth over the next ten years is predicted to be 55.5%, which is higher than the US average of 33.5%.
Tax Rates for Schroeder
- The Sales Tax Rate for Schroeder is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Schroeder 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 Schroeder
- The average income of a Schroeder resident is $84,083 a year. The US average is $37,638 a year.
- The Median household income of a Schroeder resident is $60,625 a year. The US average is $69,021 a year.