Backus, MN is a small rural town located in Minnesota’s north-central region. The town provides residents with the peacefulness and tranquility of a small community. Backus has an affordable cost of living, with 2 bedroom rent being $850 compared to the US average of $1430. Furthermore, grocery costs are measured by an index that indicates items cost 96% in Backus compared to 100% in the US overall. Local businesses in the area include Backus Bar & Grill, Visintainer's Inc., and Back Lake Resort & Bait Shop. With such low rental prices and grocery indexes, Backus remains an affordable place to call home for its residents.
Backus has an unemployment rate of 8.4%. The US average is 6.0%.
Backus has seen the job market decrease by -5.2% over the last year. Future job growth over the next ten years is predicted to be 51.3%, which is higher than the US average of 33.5%.
Tax Rates for Backus
- The Sales Tax Rate for Backus is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Backus 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 Backus
- The average income of a Backus resident is $22,146 a year. The US average is $37,638 a year.
- The Median household income of a Backus resident is $45,625 a year. The US average is $69,021 a year.