Bruce, MN Economy


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United States / Minnesota / No Metro Area / Todd County / Bruce / Zip Codes
Bruce, MN is a small city located in Minnesota. It is known for its affordable housing with the average 2 bedroom rent costing $840 compared to the US average of $1,430 making it a great place to live. The grocery cost index is also lower than the national average at 96 versus 100. This makes it an ideal location for those interested in saving money while still enjoying all that Minnesota has to offer.
For those looking to rent or finance property in Bruce, MN there are several local companies available to help. For rentals options there are C & D Property Management which offers residential and commercial rental properties, as well as Evergreen Real Estate Solutions which specializes in managing long and short term vacation rental properties. For any financing needs, Bruce Bank provides banking services including mortgages and other loan products to residents of Bruce, MN.

Bruce has an unemployment rate of 5.4%. The US average is 6.0%.

Bruce has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 35.6%, which is higher than the US average of 33.5%.

Tax Rates for Bruce
- The Sales Tax Rate for Bruce is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Bruce 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 Bruce
- The average income of a Bruce resident is $21,909 a year. The US average is $28,555 a year.
- The Median household income of a Bruce resident is $67,250 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBruce, MinnesotaUnited States
  5.46
  0.8%-6.2%
  35.6%33.5%
  7.4%6.2%
  7.1%4.6%
  $33,122$37,638
  $67,250$69,021
  $86,250$85,028
  Population by Occupation
  8.3%1.2%
  0.0%0.5%
  4.4%6.8%
  19.5%10.0%
  12.7%2.5%
  12.7%11.0%
  3.4%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  1.0%1.9%
  6.8%7.6%
  0.0%0.1%
  1.0%4.2%
  8.3%9.3%
  3.4%14.0%
  0.0%2.1%
  15.6%7.0%
  2.4%4.8%
  0.5%4.7%
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