Birchwood Village, MN Economy


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Birchwood Village, MN is a great place to live for anyone looking for an affordable yet comfortable lifestyle. The average two bedroom rent in Birchwood Village is $1,400 compared to the US average of $1430 making it more economical for tenants. Moreover, grocery costs in Birchwood Village are also cheaper than the national index by 1%.
The town has several local companies that provide a variety of services to its inhabitants. Primarily there’s Big Pete’s Plumbing which provides quality plumbing installations and repairs. Then there’s GreenRoots Landscaping & Lawn Care that specializes in landscaping and lawn care services. For those seeking legal advice on real estate matters, Horn & Associates Law Firm is available offering extensive legal services. Finally, Holm Electric Inc., offers electrical repair and installation services in the area.

Birchwood Village has an unemployment rate of 3.9%. The US average is 6.0%.

Birchwood Village has seen the job market decrease by -3.7% over the last year. Future job growth over the next ten years is predicted to be 36.4%, which is higher than the US average of 33.5%.

Tax Rates for Birchwood Village
- The Sales Tax Rate for Birchwood Village is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Birchwood Village 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 Birchwood Village
- The average income of a Birchwood Village resident is $60,959 a year. The US average is $37,638 a year.
- The Median household income of a Birchwood Village resident is $127,321 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBirchwood Village, MinnesotaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
Health
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