Brockway, MN is a small town located in Minnesota with a population of 1,616. It is situated on the banks of the Red River and is famous for its well-preserved historical buildings and sites. The cost of living in Brockway is relatively low compared to other areas in Minnesota. The average rent for a two bedroom unit is $910 while the US average is $1,430. The grocery cost index for Brockway stands at 99 compared to 100 for the US on average. Popular companies which have offices in Brockway include Wells Fargo Bank, CVS Pharmacy, Best Buy, Target Corporation as well as many more. All in all, living in Brockway offers its residents an affordable lifestyle with access to local amenities and services from leading companies.
Brockway has an unemployment rate of 4.7%. The US average is 6.0%.
Brockway 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 33.8%, which is higher than the US average of 33.5%.
Tax Rates for Brockway
- The Sales Tax Rate for Brockway is 7.6%. The US average is 7.3%.
- The Income Tax Rate for Brockway 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 Brockway
- The average income of a Brockway resident is $34,660 a year. The US average is $28,555 a year.
- The Median household income of a Brockway resident is $101,349 a year. The US average is $69,021 a year.