St. Michael, MN 55376 is a great place to live for those looking for an affordable and convenient lifestyle. The 2 Bedroom rent in St. Michael is $1,400 which is lower than the US average of $1,430. The Grocery Cost Index here is 102 compared to 100 in the US so groceries are slightly more expensive here but still very reasonable when taking into account the overall cost of living.
The town itself has many things to see and do such as the annual Saint Michael Summerfest or visiting one of the local companies like RoviSys Solutions Corp, Blattner Energy Inc., and Cargill Incorporated. There are also plenty of attractions located nearby such as the Albertville Premium Outlets, Riverside Park, Oxbow Park & Zollman Zoo, and Elm Creek Park Reserve. Overall St. Michael is an ideal place to live with lots to do and a great cost of living!
St. Michael (zip 55376) has an unemployment rate of 4.5%. The US average is 6.0%.
St. Michael (zip 55376) has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 36.1%, which is higher than the US average of 33.5%.
Tax Rates for St. Michael (zip 55376)
- The Sales Tax Rate for St. Michael (zip 55376) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for St. Michael (zip 55376) 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. Michael (zip 55376)
- The average income of a St. Michael (zip 55376) resident is $32,891 a year. The US average is $28,555 a year.
- The Median household income of a St. Michael (zip 55376) resident is $119,000 a year. The US average is $69,021 a year.