Cologne, MN is a small city with an estimated population of 2,535 people. The cost of living in Cologne, MN is slightly higher than the national average, but not prohibitively so. The average two bedroom rent is $1,520 compared to the US average of $1,430. The grocery cost index for Cologne is also slightly higher than the US average at 103 versus 100. Local businesses in Cologne include: Kullberg's Grocery Store and Hardware Shack, Crossroads Restaurant and Beer Garden, Hildebrandt's Automotive Repair & Sales, Donut Stop Cafe, Papa Donut Bakery and Millers Bar & Grill. For those interested in relocating to Cologne, MN the overall cost of living is slightly higher but still within a reasonable range for most people.
Cologne (zip 55322) has an unemployment rate of 3.7%. The US average is 6.0%.
Cologne (zip 55322) has seen the job market decrease by -3.6% over the last year. Future job growth over the next ten years is predicted to be 38.0%, which is higher than the US average of 33.5%.
Tax Rates for Cologne (zip 55322)
- The Sales Tax Rate for Cologne (zip 55322) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Cologne (zip 55322) 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 Cologne (zip 55322)
- The average income of a Cologne (zip 55322) resident is $47,180 a year. The US average is $37,638 a year.
- The Median household income of a Cologne (zip 55322) resident is $101,607 a year. The US average is $69,021 a year.