Minnesota, ND is a vibrant city located in the Midwest region of the United States. It is home to many popular local businesses such as Target, Cargill, Ecolab, and Medtronic. The city has a population of 614,000 people and boasts an affordable cost of living compared to other cities in the US. The average 2 bedroom rent in Minnesota is $810 per month and the grocery cost index is 93 points lower than the national average. If you're looking for an economical place to live with lots to offer in terms of business opportunities and social activities, Minnesota is definitely worth considering.
Minnesota has an unemployment rate of 6.5%. The US average is 6.0%.
Minnesota has seen the job market decrease by -7.3% over the last year. Future job growth over the next ten years is predicted to be 3.5%, which is lower than the US average of 33.5%.
Tax Rates for Minnesota
- The Sales Tax Rate for Minnesota is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Minnesota is 2.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Minnesota
- The average income of a Minnesota resident is $21,929 a year. The US average is $37,638 a year.
- The Median household income of a Minnesota resident is $0 a year. The US average is $69,021 a year.