Wildwood, MN is a small city located in the Midwest that provides its residents with an affordable cost of living while still having access to many modern conveniences. On average, 2 bedroom rent in Wildwood is $980 compared to $1,430 on average for the US as a whole. Grocery costs are also lower in Wildwood with an index of 97 compared to 100 across the US.
The city has many locally owned businesses such as Parkers Grocery Store, Smith Hardware Store, and Bob’s Pizza Place. These businesses have been around for generations and provide a great sense of community. The city also has a variety of coffee shops, stores, and restaurants all within close proximity to one another.
With its lower than average rent prices along with grocery costs that are below the national average, Wildwood offers its residents an affordable cost of living without sacrificing creature comforts or convenience.
Wildwood has an unemployment rate of 6.2%. The US average is 6.0%.
Wildwood has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.
Tax Rates for Wildwood
- The Sales Tax Rate for Wildwood is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Wildwood 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 Wildwood
- The average income of a Wildwood resident is $26,959 a year. The US average is $28,555 a year.
- The Median household income of a Wildwood resident is $62,917 a year. The US average is $69,021 a year.