Economy in Equality, MN

Equality, MN is a small community located in the heart of Minnesota. The cost of living is relatively low compared to other parts of the country. Rent for a two-bedroom apartment is only $840 per month, and grocery costs are indexed 93% versus national averages. This makes it an attractive option for people looking for affordability and convenience. Local companies include food services businesses like Equality Bakery and Big Jim's Burgers, as well as retail stores such as Bob's Boutique. Job opportunities in the area range from hospitality to retail customer service positions, while office jobs are also available at businesses such as Great North Bank. Overall, Equality, MN offers an affordable lifestyle with plenty of options for employment and recreation.

Equality has an unemployment rate of 6.0%. The US average is 6.0%.

Equality has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 15.7%, which is lower than the US average of 33.5%.

Tax Rates for Equality
- The Sales Tax Rate for Equality is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Equality 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 Equality
- The average income of a Equality resident is $23,408 a year. The US average is $28,555 a year.
- The Median household income of a Equality resident is $81,875 a year. The US average is $69,021 a year.