Grove City, MN is an attractive place to live due to its affordability. The average two bedroom rent is $900 compared to the US average of $1,430, making it much more accessible for those with a lower income. In addition, the Grocery Cost Index in Grove City is 95 versus 100 in the US, further adding to its appeal as an economical place of residence. \nThe area has a wide variety of businesses available including local companies such as Hansen's Foods IGA, Markquart Motors and Merchant Insurance Services. It also boasts plenty of outdoor activities for people who prefer an active lifestyle such as hiking or skiing at Bear Meadows Ski Area. Furthermore, there are many quaint villages and towns surrounding Grove City that offer additional attractions ranging from antique stores to farmers markets. All these factors make Grove City a prime destination for those looking for an affordable yet exciting place to call home.
Grove City has an unemployment rate of 5.2%. The US average is 6.0%.
Grove City has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Grove City
- The Sales Tax Rate for Grove City is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Grove City 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 Grove City
- The average income of a Grove City resident is $18,914 a year. The US average is $28,555 a year.
- The Median household income of a Grove City resident is $50,446 a year. The US average is $69,021 a year.