Echo, MN is a small town located near the Minnesota-Wisconsin border. It is known for its friendly locals and its scenic views. The cost of living in Echo is significantly lower than the national average which makes it an attractive option for individuals or families looking to save money on housing and groceries. Two bedroom apartments can be rented for around $850 while the national average is $1,430. Additionally, grocery costs are 93 versus 100 in the US; this shows that Echo has great savings potential as well.
Echo is home to several businesses including local favorites: JB’s Bar and Grill, Midwest Appliance Repair, Echo Hardware Store and Old Man Pete’s Fishing Tackle. Each of these businesses bring something unique to Echo and serve the community with pride.
Echo has an unemployment rate of 4.4%. The US average is 6.0%.
Echo has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 14.9%, which is lower than the US average of 33.5%.
Tax Rates for Echo
- The Sales Tax Rate for Echo is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Echo 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 Echo
- The average income of a Echo resident is $20,030 a year. The US average is $28,555 a year.
- The Median household income of a Echo resident is $48,750 a year. The US average is $69,021 a year.