Braham, MN is a small town located in Isanti County. It has a population of approximately 2,400 people and is known for its rural lifestyle and friendly community. The cost of living in Braham is fairly low, as evidenced by the 2 Bedroom Rent being only $1,210 compared to $1,430 nationally. Shopping is also inexpensive here; the Grocery Cost Index is 97 versus 100 in the US. \nThe economy of Braham relies heavily on farming and agriculture; local companies include Braham Farmers Co-op, Cedar Creek Farms, and Glacial Lakes Dairy. Additionally, there are a variety of small businesses that provide services to the community such as grocery stores, restaurants, B&Bs and antique shops. All in all, living in Braham provides residents with an affordable cost of living amidst a charming rural atmosphere.
Braham has an unemployment rate of 6.2%. The US average is 6.0%.
Braham has seen the job market decrease by -3.6% over the last year. Future job growth over the next ten years is predicted to be 36.2%, which is higher than the US average of 33.5%.
Tax Rates for Braham
- The Sales Tax Rate for Braham is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Braham 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 Braham
- The average income of a Braham resident is $28,860 a year. The US average is $37,638 a year.
- The Median household income of a Braham resident is $49,345 a year. The US average is $69,021 a year.