Round Grove, MN is an affordable place to live with a median rent of $860 for two bedrooms versus the US median of $1,430. Residents also benefit from lower than average grocery costs with an index of 95 compared to the US average of 100. Round Grove is also home to several local businesses such as Sawyer's Hardware Store, which has been in business since 1988, and Larsen Tax Services, which offers expert advice on finances. The city also boasts a variety of restaurants like The Shack and El Pueblo Mexican restaurant. With so many amenities and low living costs, Round Grove is a great option for those looking for a peaceful and budget-friendly lifestyle.
Round Grove has an unemployment rate of 5.1%. The US average is 6.0%.
Round Grove has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 19.8%, which is lower than the US average of 33.5%.
Tax Rates for Round Grove
- The Sales Tax Rate for Round Grove is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Round Grove 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 Round Grove
- The average income of a Round Grove resident is $33,744 a year. The US average is $28,555 a year.
- The Median household income of a Round Grove resident is $80,139 a year. The US average is $69,021 a year.