Kroschel, MN is a small city located in the heart of Minnesota. The cost of living is quite affordable in Kroschel due to its lower rent prices and grocery costs. Specifically, the 2 bedroom rent is $1,010 compared to $1,430 in the US and the Grocery Cost Index is 95 compared to 100 in the US. Despite being a small city, there are plenty of local businesses and attractions for locals to explore. These include Walmart and one of Minnesota's largest casinos - Grand Casino Mille Lacs. In addition, visitors can explore the scenic nature trails at nearby Sibley State Park or take a walk down Main Street which has many unique shops, restaurants, cafes and bars.
Kroschel has an unemployment rate of 8.8%. The US average is 6.0%.
Kroschel has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Kroschel
- The Sales Tax Rate for Kroschel is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Kroschel 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 Kroschel
- The average income of a Kroschel resident is $20,825 a year. The US average is $28,555 a year.
- The Median household income of a Kroschel resident is $65,234 a year. The US average is $69,021 a year.