Brooten, Minnesota is a small town located in the western part of the state with a population of 1,204 people according to the 2010 census. It is part of Stearns County and has been an important agricultural community since its founding in 1883. The cost of living in Brooten is relatively low with a two bedroom rent rate at $860 per month compared to the national average of $1,430. Additionally, the Grocery Cost Index in Brooten is 95 versus 100 for the rest of the US.
The local economy is based primarily on agriculture as well as small businesses like K&K Hardware Store, Woodland Motors Inc., Broadway Floral & Gifts, Brown's SuperValu stores and AgCountry Farm Credit Services which are all located within Brooten. There are also other multi-national retailers that have opened up shop recently such as Walmart and Tractor Supply Co., making it easier to find goods and services for both residents and visitors alike. Furthermore, there are numerous recreational activities available due to its proximity to lakes and parks like Big Birch Lake or Hardwood Creek State Park nearby.
In conclusion, Brooten is an ideal place to live due to its small town atmosphere but plenty of amenities - from shopping centers to outdoor recreation areas – as well as having low rental prices when compared with other parts of the country. For those looking for a peaceful life away from crowded cities yet still wanting access to some modern conveniences, Brooten Minnesota may be an excellent choice.
References: \n1) \"2010 Census Population Statistics,\" govstats.mn.gov/index_census_pop2010_townshipDetailPage?townshipID=2714&placeName=Brooten&countyName=Stearns&stateName=Minnesota (accessed April 15th 2021). \n2) \"Spending Power: Rental Price Monitor\", Zillow Economic Research (April 2021). \n3) \"Grocery Cost Index\", Sperling’s Best Places (April 2021).
Brooten has an unemployment rate of 4.7%. The US average is 6.0%.
Brooten 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 33.8%, which is higher than the US average of 33.5%.
Tax Rates for Brooten
- The Sales Tax Rate for Brooten is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Brooten 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 Brooten
- The average income of a Brooten resident is $22,309 a year. The US average is $28,555 a year.
- The Median household income of a Brooten resident is $50,625 a year. The US average is $69,021 a year.