Black River, MN is a small town located in northern Minnesota. It is a peaceful and beautiful area, with plenty of outdoor activities to enjoy. The cost of living here is quite affordable, with two bedroom apartments renting for an average of $860 per month — significantly below the national average of $1,430. Groceries also present a good value in Black River, with the Cost of Living Index given at 96 compared to the U.S. 100. Local businesses in Black River include grocery stores such as Family Fare Supermarkets, hardware stores like Ace Hardware and many locally owned restaurants. With the beautiful landscape and low cost of living, it's no surprise that so many people choose to call Black River home.
Black River has an unemployment rate of 5.7%. The US average is 6.0%.
Black River 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 19.9%, which is lower than the US average of 33.5%.
Tax Rates for Black River
- The Sales Tax Rate for Black River is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Black River 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 Black River
- The average income of a Black River resident is $44,078 a year. The US average is $28,555 a year.
- The Median household income of a Black River resident is $75,000 a year. The US average is $69,021 a year.