Rockford, MN is a small town in Minnesota with a population of approximately 2,600 people. Despite its size, Rockford is home to numerous businesses and organizations such as Bremer Bank, Countryside Veterinary Clinic, Rockford Public Library, and Rockford Pharmacy. Living in Rockford is relatively affordable compared to other places. For example, 2 bedroom rent averages around $1,270 per month which is cheaper than the US average of $1,430. In addition, groceries costs are slightly higher than the national index at 101. Overall, living in Rockford provides an excellent quality of life at an affordable rate for individuals and families alike.
Rockford has an unemployment rate of 4.5%. The US average is 6.0%.
Rockford 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 36.1%, which is higher than the US average of 33.5%.
Tax Rates for Rockford
- The Sales Tax Rate for Rockford is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Rockford 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 Rockford
- The average income of a Rockford resident is $30,801 a year. The US average is $28,555 a year.
- The Median household income of a Rockford resident is $73,859 a year. The US average is $69,021 a year.