Granville, MN is a small town located in Otter Tail County that is known for its low cost of living. Renting a two-bedroom residence here can be done for around $810, which is considerably lower than the US average of $1,430. The grocery cost index in Granville is also lower than the US average at 93 versus 100. Several local companies that are based in Granville include Central Lakes Small Pet Boarding, Stine Seed Company and Northland Appliance Repair businesses.
Granville has an unemployment rate of 4.0%. The US average is 6.0%.
Granville has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 18.6%, which is lower than the US average of 33.5%.
Tax Rates for Granville
- The Sales Tax Rate for Granville is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Granville 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 Granville
- The average income of a Granville resident is $25,213 a year. The US average is $28,555 a year.
- The Median household income of a Granville resident is $89,286 a year. The US average is $69,021 a year.