Southbrook, MN is a small town located in the state of Minnesota. It has a population of approximately 2,000 people and is known for its quaint atmosphere and friendly locals. The cost of living is relatively low in Southbrook with rent for a two bedroom apartment costing $820 a month, compared to the US average of $1,430. Grocery costs are also lower than the US average, with an index rating of 94 versus 100 in the US.
The town is home to several businesses such as Southbrook Sports & Supply, which offers quality sporting goods for all occasions; Peddler’s Pub & Grill, a local restaurant which serves up delicious pub-style meals; and Ozark Paper Co., which specializes in custom printing services. These businesses and many others contribute to the unique charm that makes Southbrook such a great place to live.
Southbrook has an unemployment rate of 4.1%. The US average is 6.0%.
Southbrook has seen the job market decrease by -2.5% over the last year. Future job growth over the next ten years is predicted to be 12.8%, which is lower than the US average of 33.5%.
Tax Rates for Southbrook
- The Sales Tax Rate for Southbrook is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Southbrook 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 Southbrook
- The average income of a Southbrook resident is $32,309 a year. The US average is $28,555 a year.
- The Median household income of a Southbrook resident is $64,688 a year. The US average is $69,021 a year.