Blooming Grove, MN is a small but thriving town with plenty of local businesses. Some of the prominent companies include Blooming Grove Food Company, Blooming Grove Auto Repair, and Blooming Grove Bank. The cost of living in Blooming Grove is quite affordable; specifically, a two bedroom rental costs $760 per month compared to the US average of $1,430 per month. Grocery costs are also cheaper in Blooming Grove than the US average, with an index of 95 versus 100 in the US. All in all, Blooming Grove is an affordable place to live with great job opportunities from its local companies.
Blooming Grove has an unemployment rate of 6.0%. The US average is 6.0%.
Blooming Grove has seen the job market increase by 1.5% 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 Blooming Grove
- The Sales Tax Rate for Blooming Grove is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Blooming Grove 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 Blooming Grove
- The average income of a Blooming Grove resident is $36,381 a year. The US average is $28,555 a year.
- The Median household income of a Blooming Grove resident is $91,875 a year. The US average is $69,021 a year.