Swan River, MN is a rural town with a population of approximately 2,000 people. It's an affordable place to live since the rent for a two bedroom apartment is $820 compared to the US average of $1,430. Grocery costs are also lower than the US at 97 versus 100 on the Cost Index. The town offers a friendly and close-knit community with plenty of outdoor activities like fishing on Swan Lake or exploring local parks like Basset Creek Park. Local businesses thrive in Swan River, such as Gullickson Pharmacy which has been around for over 40 years, as well as smaller businesses like The Apron Lady Kitchen Boutique and T&T Outdoors. With its low cost of living and beautiful natural attractions, Swan River is an attractive place to call home.
Swan River has an unemployment rate of 7.1%. The US average is 6.0%.
Swan River has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.
Tax Rates for Swan River
- The Sales Tax Rate for Swan River is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Swan 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 Swan River
- The average income of a Swan River resident is $26,586 a year. The US average is $28,555 a year.
- The Median household income of a Swan River resident is $61,875 a year. The US average is $69,021 a year.