Windom, MN is a small town located in Cottonwood County. It has a population of just under 5,000 people and offers many amenities for those looking for a suburban lifestyle. The cost of living in Windom is quite reasonable compared to the national average, with 2 bedroom rent being around $830 monthly and the grocery cost index being 94 versus 100 in the US. There are a number of local companies such as Windom Tire and Auto Center, Windom Real Estate Solutions and Minnesota Farmers Union Insurance that provide employment opportunities to members of the local community. All in all, Windom is an affordable place to live with plenty of amenities for its residents.
Windom has an unemployment rate of 4.1%. The US average is 6.0%.
Windom has seen the job market decrease by -2.5% over the last year. Future job growth over the next ten years is predicted to be 12.8%, which is lower than the US average of 33.5%.
Tax Rates for Windom
- The Sales Tax Rate for Windom is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Windom 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 Windom
- The average income of a Windom resident is $22,886 a year. The US average is $28,555 a year.
- The Median household income of a Windom resident is $51,645 a year. The US average is $69,021 a year.