Barnesville, Minnesota is a charming small town with a population of around 2,700 people. Located in Clay County, Barnesville has many local businesses that serve its citizens. These include retail stores such as Ryan’s Corner Grocery, restaurants like The Good Place Cafe, and convenience stores like EZ Stop Gas & Convenience Store. With these local companies serving the community, it is no surprise that rent for two-bedroom homes in Barnesville is $810 versus the national average of $1,430. Similarly, the Grocery Cost Index in Barnesville is 98 compared to the national index of 100. This indicates that living costs in Barnesville are relatively low when compared to other areas of the country.
Barnesville has an unemployment rate of 3.8%. The US average is 6.0%.
Barnesville has seen the job market decrease by -0.7% 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 Barnesville
- The Sales Tax Rate for Barnesville is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Barnesville 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 Barnesville
- The average income of a Barnesville resident is $32,800 a year. The US average is $37,638 a year.
- The Median household income of a Barnesville resident is $62,346 a year. The US average is $69,021 a year.