Brookfield, MN is a small town situated in Minnesota, USA. It is a beautiful place with friendly people and great amenities. The cost of living in Brookfield is very affordable, especially when compared to the US average. According to recent data, the 2 bedroom rent in Brookfield stands at $830 whereas the US 2 bedroom rent is $1,430, making it much more affordable for families and individuals alike. Additionally, the grocery cost index in Brookfield stands at 95 versus 100 in the US which indicates that groceries are also cheaper here than around the nation.
The town offers plenty of job opportunities as well due to its proximity to major cities and industries like Wells Fargo Bank and Target Corporation who have offices here. There are many other local companies that offer employment opportunities such as Koch Refrigeration Inc., Micro-Tech Industries Inc., Mechanical Solutions Inc., Great Lakes Metal Fabrication and even J&J Snack Foodservice amongst others.
Brookfield has an unemployment rate of 5.9%. The US average is 6.0%.
Brookfield has seen the job market increase by 6.7% over the last year. Future job growth over the next ten years is predicted to be 46.0%, which is higher than the US average of 33.5%.
Tax Rates for Brookfield
- The Sales Tax Rate for Brookfield is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Brookfield 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 Brookfield
- The average income of a Brookfield resident is $36,876 a year. The US average is $28,555 a year.
- The Median household income of a Brookfield resident is $79,167 a year. The US average is $69,021 a year.