Springwater, MN is a small town located in southeastern Minnesota with a population of about 2,000 people. This town offers affordable living costs compared to the national average, with rent for a two bedroom apartment estimated at $900 each month and grocery cost index at 99 compared to 100 in the US. For those looking for employment opportunities in Springwater, some of the local companies that offer jobs are Johnson Insurance Agency, Kruger Inc., Thompson Auto Repair, and King's Clothing Store. Common job positions include sales associate, insurance agent, auto mechanic, and retail clerk. Average salaries for these positions range from $20-30 per hour depending on experience and employer. Springwater provides plenty of opportunities for anyone hoping to find a job in an affordable area with plenty of amenities.
Springwater has an unemployment rate of 2.7%. The US average is 6.0%.
Springwater has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 27.3%, which is lower than the US average of 33.5%.
Tax Rates for Springwater
- The Sales Tax Rate for Springwater is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Springwater 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 Springwater
- The average income of a Springwater resident is $33,260 a year. The US average is $28,555 a year.
- The Median household income of a Springwater resident is $95,000 a year. The US average is $69,021 a year.