Pine Bend, MN is a small city located in the Minnesota region. It is known for its low cost of living and affordable rent. A two bedroom apartment in Pine Bend, MN rents for around $1,090 while it costs an average of $1,430 in the US. The grocery cost index in Pine Bend is also quite good at 95 compared to the 100 index nationwide. As a result, Pine Bend is an attractive destination to live and work.
Local companies that call Pine Bend home include the University of Minnesota College of Veterinary Medicine and Dairy Queen Grill & Chill. Furthermore, the city also has numerous parks and attractions such as the Pine Bend Nature Preserve and Lake Phalen Beach. In addition to these amenities, other cost of living components like fuel costs are lower than the national average by about 10%. This means that residents have more money left over after paying their bills each month. All things considered, those looking for a great quality of life at an affordable price should consider Pine Bend, MN as their next destination.
Pine Bend has an unemployment rate of 8.1%. The US average is 6.0%.
Pine Bend has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 23.0%, which is lower than the US average of 33.5%.
Tax Rates for Pine Bend
- The Sales Tax Rate for Pine Bend is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Pine Bend 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 Pine Bend
- The average income of a Pine Bend resident is $40,500 a year. The US average is $28,555 a year.
- The Median household income of a Pine Bend resident is $35,972 a year. The US average is $69,021 a year.