Reine, MN Economy


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United States / Minnesota / No Metro Area / Roseau County / Reine / Zip Codes
equestId":"19b13fe9-353d-4b74-80ee-77cf33efe575","resource":"content","data":[{"id":"txt_de50c36052084407bb5046cdc2a5adad","text":", and explain the cost of living\n \nReine, MN is a small town located in Minnesota and it is known for its rich history and diverse community. One of the great benefits of living in Reine is the low cost of living, with average two bedroom rent costing just $880 compared to the national average of $1,430. Furthermore, groceries in Reine are generally around 4% cheaper than in most parts of the US. The economy in Reine features an array of local businesses such as Reine Electric Company, Sunway Bakery & Deli, and Underwood Farm Supply. With its low rental costs and grocery prices, Reine remains a popular destination for families looking for a safe and affordable place to call home.

Reine has an unemployment rate of 3.9%. The US average is 6.0%.

Reine has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 8.8%, which is lower than the US average of 33.5%.

Tax Rates for Reine
- The Sales Tax Rate for Reine is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Reine 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 Reine
- The average income of a Reine resident is $29,904 a year. The US average is $37,638 a year.
- The Median household income of a Reine resident is $54,375 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyReine, MinnesotaUnited States
  3.96
  -0.9%-6.2%
  8.8%33.5%
  6.9%6.2%
  7.1%4.6%
  $29,904$37,638
  $54,375$69,021
  $53,125$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  2.3%6.8%
  53.5%10.0%
  2.3%2.5%
  20.9%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  2.3%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  4.7%9.3%
  0.0%14.0%
  0.0%2.1%
  0.0%7.0%
  14.0%4.8%
  0.0%4.7%
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