Palisade, MN is a small town located in the southern part of Minnesota. It is known for its friendly atmosphere and close-knit community. The cost of living in Palisade is well below the US average, with the rent for a two bedroom unit being only $860 compared to the national average of $1,430. Additionally, grocery costs in Palisade are 4% lower than the national average. Local companies and attractions include The Gathering Place Restaurant & Catering Hall, which serves delicious homestyle food; Steve's Automotive Repair Shop; and Blue Bell Flower Farm, a family-owned flower farm that grows a variety of flowers and offers pick your own bouquets. Additionally, there are several popular parks in Palisade such as Memorial Park and Palisade Town Park.
Palisade has an unemployment rate of 7.1%. The US average is 6.0%.
Palisade has seen the job market increase by 2.8% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.
Tax Rates for Palisade
- The Sales Tax Rate for Palisade is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Palisade 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 Palisade
- The average income of a Palisade resident is $23,844 a year. The US average is $28,555 a year.
- The Median household income of a Palisade resident is $38,250 a year. The US average is $69,021 a year.