Tyler, MN is a small but vibrant town located in Southeast Minnesota. It is known for its friendly people and affordable cost of living. The rental costs for a two bedroom flat are around $820 per month, which is about 40% lower than the national average of $1430. In addition, the grocery cost index in Tyler is much lower than the national average at 94 versus 100 in the US. This makes it a great choice for those looking to live comfortably on a budget.
The area boasts several local companies such as Tyler Motors, Hillside Hardware, and K&K Furniture & Flooring that offer excellent service to the community. There are also many attractions in Tyler to explore such as Mill Pond Park and Lake Sarah State Park where outdoor enthusiasts can enjoy biking trails and fishing spots. All in all, Tyler offers plenty of activities for people of all ages looking to make this small town their home.
Tyler has an unemployment rate of 5.7%. The US average is 6.0%.
Tyler has seen the job market decrease by -4.6% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Tyler
- The Sales Tax Rate for Tyler is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Tyler 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 Tyler
- The average income of a Tyler resident is $28,710 a year. The US average is $37,638 a year.
- The Median household income of a Tyler resident is $54,821 a year. The US average is $69,021 a year.