Olmsted County is a popular place to live in Minnesota due to its affordable cost of living and rich culture. The two bedroom rent in the county is $1,220 which is significantly lower than the national average of $1,430. Similarly, the grocery cost index for Olmsted County is 100, which is also in line with the US-wide cost index of 100. Some of the local companies in Olmsted County include Mayo Clinic Health Systems, IBM Rochester Software Lab, Apache Corporation and Polytron Incorporated. The county also offers a range of recreational activities such as biking trails around Lake Zumbro and bird watching at Quarry Hill Nature Center. With plenty to do and an affordable cost of living, Olmsted County has something for everyone!
Olmsted County has an unemployment rate of 3.7%. The US average is 6.0%.
Olmsted County has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 33.6%, which is higher than the US average of 33.5%.
Tax Rates for Olmsted County
- The Sales Tax Rate for Olmsted County is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Olmsted County 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 Olmsted County
- The average income of a Olmsted County resident is $34,891 a year. The US average is $28,555 a year.
- The Median household income of a Olmsted County resident is $84,656 a year. The US average is $69,021 a year.