Red Wing, MN Metro Area is a wonderful place to live and work. The affordable cost of living makes it an attractive option for those who want to maintain a comfortable lifestyle without breaking the bank. The average two bedroom rent in Red Wing is only $920 compared to $1,430 around the US, while grocery costs remain equal. This makes it easier for people to stretch their budgets further when living in Red Wing. \nThe area is home to various well-known companies such as St. James Hotel, Red Wing Shoes, Red Wing Pottery and Stainless Foundry & Engineering Inc., providing plenty of job opportunities for people looking for employment. Furthermore, this region is rich in natural beauty with its Mississippi River Valley offering many outdoor adventures like fishing and boating as well as stunning views of the surrounding bluffs. In addition, there are also plenty of amenities available like shopping centers and restaurants that cater to all tastes. All these factors contribute to why Red Wing Metro Area is an excellent place to call home.
Red Wing Metro Area has an unemployment rate of 4.6%. The US average is 6.0%.
Red Wing Metro Area has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 28.0%, which is lower than the US average of 33.5%.
Tax Rates for Red Wing Metro Area
- The Sales Tax Rate for Red Wing Metro Area is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Red Wing 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 Red Wing Metro Area
- The average income of a Red Wing Metro Area resident is $36,573 a year. The US average is $37,638 a year.
- The Median household income of a Red Wing Metro Area resident is $71,414 a year. The US average is $69,021 a year.