Enterprise, Minnesota is a small area with a big heart. It is home to many local businesses that make it a great place to live. Local shops and restaurants provide excellent options for local entertainment, dining and shopping. Companies like Biggby Coffee, Ben's Barber Shop, and The Village Store are all staples of the town. When it comes to cost of living, Enterprise has some competitive rates with rent costing $860 for two bedroom apartments on average compared to the national average of $1430. Additionally, the grocery cost index in Enterprise is 95 compared to 100 for the entire United States. All these factors combined make Enterprise an attractive place to work and live.
Enterprise has an unemployment rate of 4.3%. The US average is 6.0%.
Enterprise has seen the job market decrease by -1.8% over the last year. Future job growth over the next ten years is predicted to be 6.7%, which is lower than the US average of 33.5%.
Tax Rates for Enterprise
- The Sales Tax Rate for Enterprise is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Enterprise 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 Enterprise
- The average income of a Enterprise resident is $34,566 a year. The US average is $28,555 a year.
- The Median household income of a Enterprise resident is $66,875 a year. The US average is $69,021 a year.