Teien, MN is a small town with a population of 2,639 people. It offers an affordable cost of living, with average two-bedroom rental prices at $730 compared to the national average of $1,430. Grocery costs in Teien are also lower than the national average at 93 versus 100. These factors make Teien an attractive place to live for those looking to save money and have access to essential services. Some local companies in Teien include 5th Avenue Diner, a family restaurant; K&H Auto Sales, offering used cars; and Gloria's Bakery, selling fresh baked goods.
Teien has an unemployment rate of 4.0%. The US average is 6.0%.
Teien has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 18.6%, which is lower than the US average of 33.5%.
Tax Rates for Teien
- The Sales Tax Rate for Teien is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Teien 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 Teien
- The average income of a Teien resident is $32,874 a year. The US average is $28,555 a year.
- The Median household income of a Teien resident is $30,000 a year. The US average is $69,021 a year.