St. Cloud, MN Metro Area is a great place to live and work. It offers a variety of businesses and local companies to suit everyone's needs. The two bedroom rent in St. Cloud is $970, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in St. Cloud is 97 compared to 100 in the US. Some notable local companies include Coborn's Inc., American Solutions for Business, and Minnesota Machinery Inc., which are all well-known for their quality products and services. With its comparatively low living costs and strong local business community, St. Cloud Metro Area is an ideal place to consider when thinking about relocating or starting a business venture.
St. Cloud Metro Area has an unemployment rate of 5.0%. The US average is 6.0%.
St. Cloud Metro Area has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.
Tax Rates for St. Cloud Metro Area
- The Sales Tax Rate for St. Cloud Metro Area is 7.4%. The US average is 7.3%.
- The Income Tax Rate for St. Cloud 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 St. Cloud Metro Area
- The average income of a St. Cloud Metro Area resident is $26,152 a year. The US average is $28,555 a year.
- The Median household income of a St. Cloud Metro Area resident is $67,555 a year. The US average is $69,021 a year.