Blue Earth City, MN is a vibrant city with an array of businesses and activities. Known for its hospitality, it has become a popular destination for those looking for an affordable place to live. The average two bedroom rent in Blue Earth City, MN is $830 compared to the US two bedroom rent which is $1,430 making it more than 40% cheaper to live in the area. Additionally, the Grocery Cost Index in Blue Earth City, MN is 94 versus 100 in the US making groceries relatively cheaper. Popular local companies include Rock Solid Industries, McFarland Truck Lines Inc., and Feldhake Construction Company Inc. All these businesses contribute greatly to the local economy and add value to the lives of its residents.
Blue Earth City has an unemployment rate of 5.2%. The US average is 6.0%.
Blue Earth City has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 21.7%, which is lower than the US average of 33.5%.
Tax Rates for Blue Earth City
- The Sales Tax Rate for Blue Earth City is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Blue Earth City 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 Blue Earth City
- The average income of a Blue Earth City resident is $38,690 a year. The US average is $28,555 a year.
- The Median household income of a Blue Earth City resident is $73,750 a year. The US average is $69,021 a year.