Blue Mounds, MN is a small town located in the south-west of Minnesota. The population is estimated to be around 1,000 people. It is surrounded by rolling hills, making it an ideal place for outdoor activities such as biking and hiking. The cost of living here is relatively low compared to other parts of the country; 2 bedroom rent in Blue Mounds costs $920 a month on average while nationally it averages at $1,430. Additionally, the grocery cost index here is 98 versus 100 in the US which further indicates that this town provides an affordable way of life.
The town has many local companies available; some include a hardware store, a bank, and a variety of restaurants among others. All these businesses contribute to the local economy and provide services necessary for its inhabitants. In conclusion, Blue Mounds, MN offers an affordable way of life with access to essential services provided by local businesses.
Blue Mounds has an unemployment rate of 4.5%. The US average is 6.0%.
Blue Mounds has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Blue Mounds
- The Sales Tax Rate for Blue Mounds is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Blue Mounds 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 Blue Mounds
- The average income of a Blue Mounds resident is $29,380 a year. The US average is $28,555 a year.
- The Median household income of a Blue Mounds resident is $83,869 a year. The US average is $69,021 a year.