Swenoda, MN is a small city located in Minnesota. It has a population of 10,000 people and its economy is based on local businesses such as Red River Motors, Swenoda Medical Center, and Johnson's Hardware Store. The cost of living in Swenoda is lower than the US average due to its smaller size and lack of major industries. Rent for a two bedroom apartment in Swenoda is $860 compared to the US average of $1,430 per month. Grocery costs are also lower with an index score of 95 compared to the US at 100. This lower cost of living makes Swenoda an attractive place for those looking to move away from urban areas into more rural ones.
Swenoda has an unemployment rate of 5.6%. The US average is 6.0%.
Swenoda has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Swenoda
- The Sales Tax Rate for Swenoda is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Swenoda 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 Swenoda
- The average income of a Swenoda resident is $34,468 a year. The US average is $28,555 a year.
- The Median household income of a Swenoda resident is $85,750 a year. The US average is $69,021 a year.