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Austin
Austin
Minnesota
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Austin is a city in Mower County, Minnesota, United States. The population was 24,718 at the 2010 census. It is the county seat of Mower County. The town was originally settled along the Cedar River and it has two artificial lakes called East Side Lake and Mill Pond. The town was named for Austin R. Nichols, the first settler in the area. Hormel Foods Corporation is the largest employer in Austin, and the town is sometimes called "SPAM Town USA". Austin is home to Hormel's corporate headquarters, a factory that makes most of North America's SPAM tinned meat, and the Spam Museum. Austin is also home to the Hormel Institute, a leading cancer research institution operated by the University of Minnesota with significant support from the Mayo Clinic. Austin has been named one of the "Top 10 Affordable Small Towns Where You'd Actually Want to Live," as well as one of the "Best Small Cities in America" for 2015.

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Taxes

D

How did Minnesota earn the grade of D? We examined the state taxes based on how age friendly they are. Minnesota has a state sales tax of 6.88%. Of particular interest is that Minnesota does have taxes on social security. There are estate taxes. There are no taxes imposed on inheritance. Minnesota has an effective property tax rate of 1.17%. Weighing these taxes and other taxes most likely to impact the aging population is how Minnesota earned its state tax grade of D.

Learn more about taxes in Minnesota

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