St. Joseph, MN is situated in the heart of Central Minnesota and offers a variety of amenities to its residents. Housing in St. Joseph is quite reasonable with the average two-bedroom rental costing $930 while the national average for two bedroom rentals is $1,430. The cost of groceries in St. Joseph is also comparatively low, with an index rating of 99 compared to 100 nationally. St. Joseph has many local businesses, such as Tractor Supply Company which provides all kinds of farm and home supplies, plus clothing; RST Manufacturing which produces metal components; J&R Schugel Trucking which operates a fleet of semi-trucks; and Spalti Construction which specializes in commercial construction projects. With its affordable housing options and low cost of living, St. Joseph is an excellent place to live and work.
St. Joseph has an unemployment rate of 4.7%. The US average is 6.0%.
St. Joseph has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.
Tax Rates for St. Joseph
- The Sales Tax Rate for St. Joseph is 7.6%. The US average is 7.3%.
- The Income Tax Rate for St. Joseph 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 St. Joseph
- The average income of a St. Joseph resident is $26,827 a year. The US average is $37,638 a year.
- The Median household income of a St. Joseph resident is $70,292 a year. The US average is $69,021 a year.