Meadow Brook, MN is a small town known for its friendly atmosphere and abundant local amenities. Cost of living is relatively low in the area, with rent for a two bedroom apartment coming in at $820 per month - much lower than the national average of $1,430. Grocery costs are also lower than those in many other parts of the country, with an index of 98 versus 100 nationally. The town has multiple local businesses to explore alongside plenty of recreational activities. Notable companies include Meadow Brook Soft Furnishings and Meadow Brook Foods. Alongside these businesses there are also plenty of restaurants and bars to try out, as well as parks for outdoor activities - making it the perfect spot for families and individuals alike.
Meadow Brook has an unemployment rate of 8.4%. The US average is 6.0%.
Meadow Brook has seen the job market increase by 9.2% over the last year. Future job growth over the next ten years is predicted to be 51.3%, which is higher than the US average of 33.5%.
Tax Rates for Meadow Brook
- The Sales Tax Rate for Meadow Brook is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Meadow Brook 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 Meadow Brook
- The average income of a Meadow Brook resident is $23,789 a year. The US average is $28,555 a year.
- The Median household income of a Meadow Brook resident is $50,500 a year. The US average is $69,021 a year.