Woodstock, MN is a small but vibrant city located in McLeod County. It has a population of just under 7,000 people and a strong sense of community. Woodstock boasts an affordable cost of living with a two bedroom rental averaging at $810, while the national average for the same size residence is $1,430. In addition to lower rent prices, the grocery cost index in Woodstock is 94 compared to 100 nationally. This makes it an ideal location for those looking to spend less and enjoy more. Some local companies include The Salty Dog Bar and Grill, Complete Auto Repair & Tire Center, and Woodstock Lumber & Grain Co Inc. These are just a few of the businesses that make Woodstock such an inviting place to live.
Woodstock has an unemployment rate of 5.1%. The US average is 6.0%.
Woodstock has seen the job market decrease by -5.5% over the last year. Future job growth over the next ten years is predicted to be 28.7%, which is lower than the US average of 33.5%.
Tax Rates for Woodstock
- The Sales Tax Rate for Woodstock is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Woodstock 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 Woodstock
- The average income of a Woodstock resident is $30,835 a year. The US average is $37,638 a year.
- The Median household income of a Woodstock resident is $50,900 a year. The US average is $69,021 a year.