Bowlus, MN is a small town located in Benton County. It is known for its agricultural production and local businesses like Bowlus Lumber Company, Bowlus Bakery, and Bowlus Water Services. The area also has a low cost of living compared to the national average - 2 bedroom rent in Bowlus is $930 per month compared to $1,430 nationally. Additionally, the Grocery Cost Index in Bowlus is 100, which matches the national average. This indicates that both local and imported goods are priced similarly in the area. As such, you can find great deals on groceries without sacrificing quality or selection.
Bowlus has an unemployment rate of 7.1%. The US average is 6.0%.
Bowlus has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.
Tax Rates for Bowlus
- The Sales Tax Rate for Bowlus is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Bowlus 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 Bowlus
- The average income of a Bowlus resident is $18,995 a year. The US average is $28,555 a year.
- The Median household income of a Bowlus resident is $64,464 a year. The US average is $69,021 a year.