New Brighton, MN is a great place to live due to its affordable cost of living. On average, a two-bedroom rent in New Brighton costs $1,290 which is significantly cheaper than the US average of $1,430. Additionally, New Brighton has a cost of groceries that is 1% higher than the US index at 101. The city of New Brighton is home to many popular companies such as Target Corporation, Topline Federal Credit Union and Martinomarkets Ltd. With its low rent prices and popular local businesses, New Brighton provides residents with an enjoyable lifestyle without breaking the bank.
New Brighton has an unemployment rate of 4.5%. The US average is 6.0%.
New Brighton has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 35.9%, which is higher than the US average of 33.5%.
Tax Rates for New Brighton
- The Sales Tax Rate for New Brighton is 7.4%. The US average is 7.3%.
- The Income Tax Rate for New Brighton 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 New Brighton
- The average income of a New Brighton resident is $33,523 a year. The US average is $28,555 a year.
- The Median household income of a New Brighton resident is $77,031 a year. The US average is $69,021 a year.