Deer River, MN is a small town in Minnesota that offers its residents an affordable and comfortable lifestyle. Some of the local companies include K & R Builders LLC, Axberg Construction LLC, and McPherson's Automotive Repair. The cost of living in Deer River is quite reasonable with 2 bedroom rent costing $970 per month compared to the US average of $1,430. Moreover, the Grocery Cost Index in Deer River is 96 versus 100 nationwide, making it one of the most economical places to live.
Deer River has an unemployment rate of 6.2%. The US average is 6.0%.
Deer River has seen the job market decrease by -1.9% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.
Tax Rates for Deer River
- The Sales Tax Rate for Deer River is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Deer River 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 Deer River
- The average income of a Deer River resident is $20,640 a year. The US average is $37,638 a year.
- The Median household income of a Deer River resident is $36,369 a year. The US average is $69,021 a year.