Garnes, MN is a small town located in the Midwest that offers an affordable lifestyle. The average rent for a two-bedroom apartment is just $820 per month, much lower than the national average of $1,430. This makes it easier for renters to save money and enjoy a comfortable lifestyle. Grocery costs in Garnes are also lower than the national average, with an index of 94 as compared to 100.
The local economy in Garnes is supported by businesses such as Midwestern Electric Co., Axon Corporation, and Human Services Incorporated. These companies provide employment opportunities to residents while contributing to economic growth in the area.
Overall, Garnes is an attractive place to live due to its low cost of living. This small town offers many amenities while maintaining affordability, making it appealing for those looking for an economically sound place to call home.
Garnes has an unemployment rate of 6.0%. The US average is 6.0%.
Garnes has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 15.7%, which is lower than the US average of 33.5%.
Tax Rates for Garnes
- The Sales Tax Rate for Garnes is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Garnes 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 Garnes
- The average income of a Garnes resident is $27,251 a year. The US average is $28,555 a year.
- The Median household income of a Garnes resident is $92,500 a year. The US average is $69,021 a year.