Wabasha, MN is a charming city located in southeastern Minnesota. It is conveniently located near the Mississippi River and makes for an ideal vacation spot or home to those looking for a rural environment with nearby nature and wildlife preserves. The average rent for a two bedroom apartment is $840; this is significantly lower than the national average of $1,430. Additionally, the grocery cost index in Wabasha is 98 versus 100 in the US making it relatively affordable to live here. \nThe economy of Wabasha is mainly supported by businesses such as Faribault Foods, Freeway Ford, Real Estate Solutions, Giggy's BBQ, Cedar Valley Resort & Spa, and Riverside Bar & Grill. These local companies provide goods and services to the community as well as employment opportunities for locals.
Wabasha has an unemployment rate of 4.4%. The US average is 6.0%.
Wabasha has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 28.5%, which is lower than the US average of 33.5%.
Tax Rates for Wabasha
- The Sales Tax Rate for Wabasha is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Wabasha 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 Wabasha
- The average income of a Wabasha resident is $27,937 a year. The US average is $28,555 a year.
- The Median household income of a Wabasha resident is $57,000 a year. The US average is $69,021 a year.