Bridgewater, MN is an idyllic small town located in the Twin Cities metropolitan area. It is known for its low cost of living and great quality of life. The average two-bedroom rent in Bridgewater is $1,160 per month, which is much lower than the national average of $1,430. Additionally, the Grocery Cost Index in Bridgewater is 101 versus 100 in the US. This indicates that groceries are even more affordable here compared to other parts of America.
Bridgewater is home to a range of local businesses providing goods and services to the community. Popular companies include Quiznos Subs; Quality Plumbing; Farmers Insurance; and Bridgewater Vet Clinic. Ultimately, Bridgewater provides residents with an excellent quality of life in a safe and affordable environment.
Bridgewater has an unemployment rate of 4.2%. The US average is 6.0%.
Bridgewater has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 37.9%, which is higher than the US average of 33.5%.
Tax Rates for Bridgewater
- The Sales Tax Rate for Bridgewater is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Bridgewater 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 Bridgewater
- The average income of a Bridgewater resident is $55,504 a year. The US average is $37,638 a year.
- The Median household income of a Bridgewater resident is $101,250 a year. The US average is $69,021 a year.