Espelie, MN is a small town located in the Midwest United States. The population of Espelie is relatively small with only 5,000 people living there. Despite its size, it is home to a number of local businesses including Smith's Grocery Store, Joey's Cafe, and the Espelie Auto Repair shop.
The cost of living in Espelie is very affordable when compared to other cities in the US. The average rent for a two-bedroom apartment is $900 versus the national average of $1,430 which makes it much more accessible for those on a tight budget. Additionally, the grocery cost index in Espelie is 95 versus 100 nationally which suggests that food prices are significantly lower than those found elsewhere.
Espelie has an unemployment rate of 6.6%. The US average is 6.0%.
Espelie has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 12.9%, which is lower than the US average of 33.5%.
Tax Rates for Espelie
- The Sales Tax Rate for Espelie is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Espelie 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 Espelie
- The average income of a Espelie resident is $39,846 a year. The US average is $28,555 a year.
- The Median household income of a Espelie resident is $51,250 a year. The US average is $69,021 a year.