Tracy, MN is a small city in Minnesota that offers its residents an affordable cost of living. According to the data provided, the average two-bedroom rent in Tracy is just $820 compared to the US average of $1,430. Similarly, the grocery cost index for Tracy stands at 92 compared to 100 for the US. This means groceries are also relatively cheap here. Local companies such as The Resource Center, Waste Management Inc., and Pine Technical & Community College are some of the biggest employers in this region. In conclusion, Tracy, MN provides its residents with a lower cost of living than other parts of the country.
Tracy has an unemployment rate of 4.2%. The US average is 6.0%.
Tracy has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 22.0%, which is lower than the US average of 33.5%.
Tax Rates for Tracy
- The Sales Tax Rate for Tracy is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Tracy 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 Tracy
- The average income of a Tracy resident is $20,763 a year. The US average is $28,555 a year.
- The Median household income of a Tracy resident is $57,344 a year. The US average is $69,021 a year.