Goodridge, MN is a wonderful small town with lots of amenities to offer its citizens. It is located close to larger cities, making it an ideal place for people to live while still being able to stay close to family and friends. The cost of living in Goodridge is notably less expensive than in other places due to the lower 2 bedroom rent at $930 versus the US average of $1,430, as well as the lower Grocery Cost Index of 94 versus 100 in the US. Goodridge also boasts many great local businesses that provide residents with unique services and goods such as Goodridge Hardware Store and Fisherman’s Best Bait & Tackle. Living in Goodridge provides access to a number of outdoor activities like camping, fishing, hunting and more, making it a great place for those who enjoy getting out in nature. With its low cost of living combined with its plentiful local businesses and outdoor activities, Goodridge is an excellent place to call home.
Goodridge has an unemployment rate of 5.7%. The US average is 6.0%.
Goodridge has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 19.9%, which is lower than the US average of 33.5%.
Tax Rates for Goodridge
- The Sales Tax Rate for Goodridge is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Goodridge 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 Goodridge
- The average income of a Goodridge resident is $22,089 a year. The US average is $28,555 a year.
- The Median household income of a Goodridge resident is $50,750 a year. The US average is $69,021 a year.