Straight River, MN is a small town located in the southeastern region of Minnesota. Rent prices are drastically lower here than the national average for two-bedroom apartments, which is $1,430 compared to Straight River's average cost of $940. The Grocery Cost Index also follows this trend with a value of 97 compared to the US average of 100. This makes living in the area more affordable and potentially more attractive for those looking to save some money on rent and groceries. Popular local companies include Spectrum Health System, an integrated health care system, and Bluegrass Dairy & Food Company, a full-service dairy processor. Other smaller businesses in the town include O'Neil's Cafe & Bakery, B&L Auto Repair, and Ray's Gas Station & Convenience Store.
Straight River has an unemployment rate of 6.1%. The US average is 6.0%.
Straight River has seen the job market increase by 6.6% over the last year. Future job growth over the next ten years is predicted to be 45.6%, which is higher than the US average of 33.5%.
Tax Rates for Straight River
- The Sales Tax Rate for Straight River is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Straight River 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 Straight River
- The average income of a Straight River resident is $19,261 a year. The US average is $28,555 a year.
- The Median household income of a Straight River resident is $69,583 a year. The US average is $69,021 a year.