Southside, MN is a small town in the Midwest that is known for its affordable cost of living. The average two-bedroom rent in Southside is $1,190, which is significantly lower than the US average of $1,430. Additionally, grocery costs are on par with the national average, making it an ideal place for people looking to stretch their budget. The economy in Southside is driven by small local businesses including Smith's Hardware Store and Brown's Bakery. The town also benefits from its proximity to larger cities like Minneapolis and St. Paul where many of residents commute to work every day. Overall, Southside provides residents with a comfortable lifestyle at an affordable price.
Southside has an unemployment rate of 4.5%. The US average is 6.0%.
Southside 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 36.1%, which is higher than the US average of 33.5%.
Tax Rates for Southside
- The Sales Tax Rate for Southside is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Southside 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 Southside
- The average income of a Southside resident is $31,585 a year. The US average is $28,555 a year.
- The Median household income of a Southside resident is $74,750 a year. The US average is $69,021 a year.