Mound Prairie, MN is a small town located in Minnesota, with a population of around 2,500 residents. It offers affordable housing, with the average 2 bedroom rent being $880 compared to $1,430 in the US. Additionally, groceries are slightly cheaper than elsewhere in the country with a Grocery Cost Index at 97 compared to 100 in the US. The cost of living is low and there are plenty of attractions for locals and visitors alike. Popular businesses include Mound Prairie Hardware Store, Mound Prairie Auto Repair, and Mound Prairie Cafe. Residents enjoy access to outdoor activities such as biking on nearby trails or camping at local parks. With its convenient location close to big cities like Minneapolis and St Paul, Mound Prairie offers an ideal balance between small-town living and city amenities.
Mound Prairie has an unemployment rate of 4.4%. The US average is 6.0%.
Mound Prairie has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 32.6%, which is lower than the US average of 33.5%.
Tax Rates for Mound Prairie
- The Sales Tax Rate for Mound Prairie is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Mound Prairie 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 Mound Prairie
- The average income of a Mound Prairie resident is $31,242 a year. The US average is $28,555 a year.
- The Median household income of a Mound Prairie resident is $73,864 a year. The US average is $69,021 a year.