St. Michael, MN is a great place to call home. The average 2 bedroom rent is lower than the US average at $1,360, making this area a great option for those looking for an affordable living. The cost of groceries here is also an advantage with a Grocery Cost Index of 102 versus 100 in the US. There are many local businesses in St. Michael that make it unique including Lola's Nail Salon, Impact Martial Arts Studios and RMS Auto Service & Repair. All these establishments contribute to making St. Michael a great place to live and work.
St. Michael has an unemployment rate of 4.5%. The US average is 6.0%.
St. Michael has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 36.1%, which is higher than the US average of 33.5%.
Tax Rates for St. Michael
- The Sales Tax Rate for St. Michael is 7.4%. The US average is 7.3%.
- The Income Tax Rate for St. Michael 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. Michael
- The average income of a St. Michael resident is $32,972 a year. The US average is $28,555 a year.
- The Median household income of a St. Michael resident is $117,260 a year. The US average is $69,021 a year.