Berlin, MN is a small town located close to the Minnesota-Wisconsin border. It has a population of around 3,500 people and is known for its rural charm and small-town atmosphere. Berlin's 2 bedroom rent is significantly lower than the national average of $1,430, at only $880 per month. The cost of groceries in Berlin is also relatively low compared to the US average at 96 versus 100 in the US.
The town has many local businesses that contribute to its economy including Cernohous Consulting LLC, TK Country Store & Feed Mill, and SBS Enterprises Inc. There are also several restaurants and cafes such as Old World Deli & Bakery, Waters Edge Cafe & Bar, and Kountry Korner Restaurant & Bar that offer delicious homemade food at affordable prices. Living in Berlin is fairly inexpensive due to its low rent prices and grocery cost index; this makes it an attractive option for those looking to save money while still having access to all the amenities of a small town community.
Berlin has an unemployment rate of 4.9%. The US average is 6.0%.
Berlin has seen the job market decrease by -2.3% over the last year. Future job growth over the next ten years is predicted to be 14.8%, which is lower than the US average of 33.5%.
Tax Rates for Berlin
- The Sales Tax Rate for Berlin is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Berlin 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 Berlin
- The average income of a Berlin resident is $34,550 a year. The US average is $28,555 a year.
- The Median household income of a Berlin resident is $91,071 a year. The US average is $69,021 a year.