Wabasso, MN is a small rural town located in Minnesota. The population of Wabasso is about 345 people. The cost of living in Wabasso is quite low with 2 bedroom rent costing only $820, while the US 2 bedroom rent averages around $1,430. Additionally, the Grocery Cost Index in Wabasso is 96 compared to 100 in the US.
The city provides a few local companies like B&B Restaurant and A.M.L Recycling that provide employment to many of its citizens as well as some necessary services like grocery stores and gas stations such as Lyle’s EZ Mart and Casey’s General Store which offer convenience for the residents. Art lovers can find enjoyment at galleries like Cactus Arts Gallery & Gifts and shops such as M & K Gift Shop offer unique items for purchase. Finally, there are many outdoor activities close by including several parks, trails, lakes, and rivers perfect for exploring nature or enjoying recreational activities with friends or family.
Wabasso has an unemployment rate of 5.5%. The US average is 6.0%.
Wabasso 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 5.0%, which is lower than the US average of 33.5%.
Tax Rates for Wabasso
- The Sales Tax Rate for Wabasso is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Wabasso 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 Wabasso
- The average income of a Wabasso resident is $29,368 a year. The US average is $37,638 a year.
- The Median household income of a Wabasso resident is $55,192 a year. The US average is $69,021 a year.