Big Bend, MN is a small town located in the Midwest. It has a population of around 3,800 people and offers an excellent quality of life for its residents. The cost of living is quite low with 2 bedroom rent standing at $760 compared to $1,430 in the US. A further indication of the affordability of Big Bend is its grocery cost index which stands at 91 versus 100 in the US.
The town has a great selection of local businesses and amenities that benefit local residents. These include banks such as Park Bank Regional Trust Company, clothing stores such as the Fashion Corner Boutique and Well Dressed LLC, restaurants like Pizza Boys Pizzeria & Subs, as well as parks like Bulrush Nature Park for outdoor recreation. There are also plenty of educational opportunities such as Big Bend Elementary School and St Joseph Catholic School. All these make Big Bend an ideal place to live for those who appreciate small-town atmosphere yet seek access to all necessary services located nearby.
Big Bend has an unemployment rate of 4.4%. The US average is 6.0%.
Big Bend has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 24.4%, which is lower than the US average of 33.5%.
Tax Rates for Big Bend
- The Sales Tax Rate for Big Bend is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Big Bend 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 Big Bend
- The average income of a Big Bend resident is $26,422 a year. The US average is $28,555 a year.
- The Median household income of a Big Bend resident is $92,917 a year. The US average is $69,021 a year.