Stately, MN is a small town with a tight-knit community who enjoys access to modern amenities without the hustle and bustle of big city life. It's a great place for families to settle down due to its cozy atmosphere and more affordable costs. Local companies in Stately include King-Reed Industries, Dalton Groceries, and Benton Outfitters, all of which provide quality local goods and services. The cost of living in Stately is also lower than the average US cost. For example, 2 bedroom rent costs on average $810 compared to the national average of $1,430. Additionally, the grocery cost index in Stately is 95 versus 100 nationally. This makes Stately an ideal choice for anyone looking for a combination of convenient modern amenities at an affordable price.
Stately has an unemployment rate of 4.8%. The US average is 6.0%.
Stately has seen the job market decrease by -2.3% over the last year. Future job growth over the next ten years is predicted to be 26.6%, which is lower than the US average of 33.5%.
Tax Rates for Stately
- The Sales Tax Rate for Stately is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Stately 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 Stately
- The average income of a Stately resident is $36,677 a year. The US average is $37,638 a year.
- The Median household income of a Stately resident is $57,500 a year. The US average is $69,021 a year.