Timothy, MN is a small town just southeast of Minneapolis. Despite its size, this town has much to offer in terms of amenities and local businesses. Rent for two-bedroom apartments is quite affordable at only $890 per month, which is lower than the US average of $1,430 per month. Furthermore, the cost of groceries in Timothy is even cheaper than the US average with an index score of 96 compared to 100 nationally. Locals can shop for their essentials at places like TJ's Family Market or they can enjoy a meal at one of several nearby restaurants such as Hogs & Cattle Steakhouse or Ramsey's Pizza Palace. Other amenities such as St Croix Park and the Green Valley Golf Course are popular destinations for those seeking outdoor activities. All in all, Timothy provides a great balance between affordability and accessibility to quality amenities.
Timothy has an unemployment rate of 6.0%. The US average is 6.0%.
Timothy has seen the job market increase by 5.1% over the last year. Future job growth over the next ten years is predicted to be 42.5%, which is higher than the US average of 33.5%.
Tax Rates for Timothy
- The Sales Tax Rate for Timothy is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Timothy 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 Timothy
- The average income of a Timothy resident is $29,859 a year. The US average is $28,555 a year.
- The Median household income of a Timothy resident is $91,250 a year. The US average is $69,021 a year.