Arrowhead, MN is a small town located in northern Minnesota. It is known for its stunning landscapes and outdoor recreational activities. The 2 bedroom rent in Arrowhead is significantly cheaper than the US average-only $1,140 compared to $1,430 in the US. This makes Arrowhead an attractive location for those seeking affordable housing. Local companies such as Arrive Home Realty and Northwood Rentals offer rental services for those wishing to live in the area. Additionally, the Grocery Cost Index in Arrowhead is 97 versus 100 in the US - this suggests that groceries are relatively inexpensive compared to other cities across the country. All of these factors contribute to making Arrowhead a great place to live.
Arrowhead has an unemployment rate of 4.8%. The US average is 6.0%.
Arrowhead 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 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Arrowhead
- The Sales Tax Rate for Arrowhead is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Arrowhead 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 Arrowhead
- The average income of a Arrowhead resident is $18,464 a year. The US average is $28,555 a year.
- The Median household income of a Arrowhead resident is $81,875 a year. The US average is $69,021 a year.