St. Leo, MN is an ideal place to call home. With a cost of living that is 8% lower than the national average, residents can enjoy the benefits of affordable rent and groceries. For those who work in larger cities, St. Leo offers convenient access to Minneapolis and St. Paul. Local companies such as J & P Railroad Services Inc., Thermo-Kool Ice Cream Products Inc., and ATS Automation Tooling Systems provide employment opportunities for residents. There are also plenty of recreational activities for people of all ages to enjoy such as hiking at Leonard Nature Park, fishing at Spring Lake Regional Park or shopping downtown at local stores like Zal’s. With its beautiful natural setting, friendly community and budget-friendly lifestyle, St. Leo, MN is an excellent place to live no matter your age!
St. Leo has an unemployment rate of 4.4%. The US average is 6.0%.
St. Leo has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 14.9%, which is lower than the US average of 33.5%.
Tax Rates for St. Leo
- The Sales Tax Rate for St. Leo is 6.9%. The US average is 7.3%.
- The Income Tax Rate for St. Leo 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 St. Leo
- The average income of a St. Leo resident is $19,008 a year. The US average is $28,555 a year.
- The Median household income of a St. Leo resident is $65,417 a year. The US average is $69,021 a year.