Butterfield, MN is a great place to live and work. With a small population of only a few thousand people, Butterfield has plenty of local businesses to choose from. This includes stores like the Butterfield Grocery Store, Big Star Supermarket, and Smith's Pharmacy. The average 2 bedroom rent in Butterfield is $840 per month, which is far lower than the US average at $1,430 per month. Additionally, the grocery cost index in Butterfield is 95 while it is 100 on an average nationally. This makes Butterfield an attractive choice for many looking for a place to call home.
Butterfield has an unemployment rate of 4.5%. The US average is 6.0%.
Butterfield has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Butterfield
- The Sales Tax Rate for Butterfield is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Butterfield 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 Butterfield
- The average income of a Butterfield resident is $20,124 a year. The US average is $28,555 a year.
- The Median household income of a Butterfield resident is $57,813 a year. The US average is $69,021 a year.