Spring Grove, MN is a small town located in southeastern Minnesota. It boasts a population of about 2,000 people as of 2019. This rural community offers a variety of businesses and amenities including restaurants, gas stations, grocery stores, and churches. The rental cost for a two bedroom apartment in Spring Grove is $890 compared to the national average of $1,430. Additionally, the Grocery Cost Index in Spring Grove is 94 versus 100 in the US according to Numbeo's Cost of Living Index. Popular local companies include Stan's Service Center and K&J Meats & Seafoods. Overall, Spring Grove provides residents with an affordable cost of living compared to the rest of the US.
Spring Grove has an unemployment rate of 4.4%. The US average is 6.0%.
Spring Grove has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 32.6%, which is lower than the US average of 33.5%.
Tax Rates for Spring Grove
- The Sales Tax Rate for Spring Grove is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Spring 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 Spring Grove
- The average income of a Spring Grove resident is $23,305 a year. The US average is $28,555 a year.
- The Median household income of a Spring Grove resident is $58,603 a year. The US average is $69,021 a year.