Bigelow, MN is a small and charming town located in the heart of Minnesota. It offers affordable living with two-bedroom rent averaging around $910 in comparison to the US average of $1,430. Grocery costs are also lower than the national average index, making it a great place to live for those looking for cost savings. The local economy is thriving due to the presence of many businesses, such as Bigelow Hardware, Bigelow Pharmacy, Bigelow Café and Grill, and BIG Corporation. These local companies provide employment opportunities to many people in Bigelow and contribute significantly to its economic growth.
Bigelow has an unemployment rate of 3.7%. The US average is 6.0%.
Bigelow has seen the job market decrease by 0.0% over the last year. Future job growth over the next ten years is predicted to be 22.7%, which is lower than the US average of 33.5%.
Tax Rates for Bigelow
- The Sales Tax Rate for Bigelow is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Bigelow 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 Bigelow
- The average income of a Bigelow resident is $21,225 a year. The US average is $28,555 a year.
- The Median household income of a Bigelow resident is $71,719 a year. The US average is $69,021 a year.