Bethel, MN is a small town located in the midwestern region of the United States. With a population of just over 3,000 people, Bethel is known for its welcoming atmosphere and small-town charm. Rent in Bethel is slightly lower than the nationwide average for two-bedroom apartments, coming in at $1,420 as compared to $1,430 across the US. The cost of groceries is also slightly lower than the national average with an index score of 101 versus 100 in the US.
In Bethel there are several local companies that contribute to its thriving economy. These businesses include H&H Enterprises Inc., an automotive parts supplier, Gorman Manufacturing Company which specializes in manufacturing steel products and LaGesse Property Services that provides property management services and real estate sales. All of these businesses have helped to shape Bethel into a vibrant and growing community.
Bethel has an unemployment rate of 4.4%. The US average is 6.0%.
Bethel 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 35.9%, which is higher than the US average of 33.5%.
Tax Rates for Bethel
- The Sales Tax Rate for Bethel is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Bethel 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 Bethel
- The average income of a Bethel resident is $26,727 a year. The US average is $28,555 a year.
- The Median household income of a Bethel resident is $90,781 a year. The US average is $69,021 a year.