Prinsburg, MN is a small town located in Kandiyohi County. Despite its small size, Prinsburg is home to a few local businesses that serve the community. For example, there are grocery stores like Prinsburg Grocery and Ace Supermarket that provide everyday essentials to the locals. Additionally, there are smaller companies such as Prinsburg Auto Supply and Prinsburg Hardware that meet more specific needs. Rent in Prinsburg is significantly lower than the average for the US at $870 per two bedroom versus $1,430. Furthermore, the Grocery Cost Index in Prinsburg is 95 compared to 100 in the US. In short,Prinsburg is an affordable and self-sufficient community with ample resources to meet the needs of its residents.
Prinsburg has an unemployment rate of 4.9%. The US average is 6.0%.
Prinsburg has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 37.1%, which is higher than the US average of 33.5%.
Tax Rates for Prinsburg
- The Sales Tax Rate for Prinsburg is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Prinsburg 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 Prinsburg
- The average income of a Prinsburg resident is $30,066 a year. The US average is $28,555 a year.
- The Median household income of a Prinsburg resident is $92,031 a year. The US average is $69,021 a year.