Alexandria, MN Metro Area is a great place to live! It has a low median two bedroom rent at $870 compared to the US median of $1,430. Additionally, the Grocery Cost Index in Alexandria is 99 as compared to the US index of 100; this indicates that groceries are relatively inexpensive here. With its convenient location between Minneapolis and St. Paul, residents have access to a wide variety of employment opportunities with local companies such as Marvin Windows & Doors, Runestone Electric Association, and Central Lakes College. These employers provide jobs and contribute to a vibrant economy. All in all, Alexandria offers an affordable cost of living with plenty of job options nearby.
Alexandria Metro Area has an unemployment rate of 4.1%. The US average is 6.0%.
Alexandria Metro Area has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 36.5%, which is higher than the US average of 33.5%.
Tax Rates for Alexandria Metro Area
- The Sales Tax Rate for Alexandria Metro Area is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Alexandria Metro Area 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 Alexandria Metro Area
- The average income of a Alexandria Metro Area resident is $28,755 a year. The US average is $28,555 a year.
- The Median household income of a Alexandria Metro Area resident is $69,069 a year. The US average is $69,021 a year.