Austin, MN Metro Area is a great place to live. It has a low cost of living and many local companies which make it an attractive place for people looking to settle down. The average rent for two bedroom apartments is $970 compared to the US average of $1,430 making it one of the most affordable areas in the country. Additionally, grocery costs are 95 index points lower than the nationwide average, meaning groceries are quite affordable here too. Some well-known local companies include Hormel, Seneca Foods Corporation and Mower County Medical Center. All in all, Austin, MN Metro Area is an ideal location for those seeking a comfortable lifestyle at a reasonable price.
Austin Metro Area has an unemployment rate of 4.2%. The US average is 6.0%.
Austin Metro Area has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 29.7%, which is lower than the US average of 33.5%.
Tax Rates for Austin Metro Area
- The Sales Tax Rate for Austin Metro Area is 7.7%. The US average is 7.3%.
- The Income Tax Rate for Austin 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 Austin Metro Area
- The average income of a Austin Metro Area resident is $31,555 a year. The US average is $37,638 a year.
- The Median household income of a Austin Metro Area resident is $60,386 a year. The US average is $69,021 a year.