Boy River, MN is a small town in Minnesota with many local businesses. Since it's a smaller area, the cost of living is quite low. For example, two-bedroom rent in Boy River is $880 compared to the US average, which is $1,430. The grocery cost index in Boy River is also lower than the US average at 96 compared to 100. Some popular local businesses are Boy River Hardware Store, White's Butcher Shop, and Hovland Cafe. With its low cost of living and friendly atmosphere, Boy River has become an attractive place for people looking for a quieter way of life.
Boy River has an unemployment rate of 8.4%. The US average is 6.0%.
Boy River has seen the job market decrease by -5.2% over the last year. Future job growth over the next ten years is predicted to be 51.3%, which is higher than the US average of 33.5%.
Tax Rates for Boy River
- The Sales Tax Rate for Boy River is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Boy River 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 Boy River
- The average income of a Boy River resident is $9,276 a year. The US average is $37,638 a year.
- The Median household income of a Boy River resident is $0 a year. The US average is $69,021 a year.