Erhards Grove, MN is an affordable place for families and individuals to live with a median 2 bedroom rent of $910. This is significantly lower than the US average of $1,430, making it a great option for those looking to save on rent. The grocery cost index in Erhards Grove is also comparable to the national average at 100. Many local businesses in Erhards Grove help keep costs low for residents, such as the market, bank and pharmacy. These services provide essential goods and services to the community which keeps prices down while providing quality items. Additionally, there are several restaurants offering delicious cuisine that are owned and operated by locals. Finally, there are plenty of parks and recreational activities in Erhards Grove that can help people stay active and entertained year round. All of these things make life in Erhards Grove both enjoyable and affordable for residents.
Erhards Grove has an unemployment rate of 5.3%. The US average is 6.0%.
Erhards Grove has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Erhards Grove
- The Sales Tax Rate for Erhards Grove is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Erhards Grove 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 Erhards Grove
- The average income of a Erhards Grove resident is $40,851 a year. The US average is $37,638 a year.
- The Median household income of a Erhards Grove resident is $80,179 a year. The US average is $69,021 a year.