Spring Prairie, MN is a small town located in the southeastern corner of the state. It has a rural charm with rolling hills, peaceful woodlands, and plenty of outdoor recreation opportunities. Despite its size, Spring Prairie offers a variety of services that meet the needs of its residents including restaurants, banks, supermarkets and schools. The rent for two-bedroom apartments in Spring Prairie is significantly lower than the US average at $880 compared to $1,430 per month. This difference can be attributed to Spring Prairie's smaller population and less demand for housing than in more populated areas throughout the country. Additionally, grocery items are slightly less expensive with a local index cost of 99 compared to 100 nationally. Businesses such as Upper River Savings Bank and L&L Market offer affordable goods and services that make living in Spring Prairie convenient and enjoyable for locals.
Spring Prairie has an unemployment rate of 3.8%. The US average is 6.0%.
Spring Prairie has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Spring Prairie
- The Sales Tax Rate for Spring Prairie is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Spring Prairie 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 Prairie
- The average income of a Spring Prairie resident is $31,210 a year. The US average is $28,555 a year.
- The Median household income of a Spring Prairie resident is $87,639 a year. The US average is $69,021 a year.