Bray, MN is a small town located in southern Minnesota. It has a population of less than 500 people making it an ideal place to live for those who enjoy the peace and quiet of rural America. Despite its size, Bray offers many amenities to its residents including various local businesses. Popular companies include Bray Appliances, Prudent Home Solutions, and Pro Auto Repair. The cost of living in Bray is relatively low compared to other areas in the US with a two bedroom rental being just $950 per month and a grocery cost index being 96 versus 100 in the US. All in all, Bray makes for an affordable and pleasant place to live or visit.
Bray has an unemployment rate of 5.7%. The US average is 6.0%.
Bray has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 19.9%, which is lower than the US average of 33.5%.
Tax Rates for Bray
- The Sales Tax Rate for Bray is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Bray 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 Bray
- The average income of a Bray resident is $29,929 a year. The US average is $28,555 a year.
- The Median household income of a Bray resident is $131,250 a year. The US average is $69,021 a year.