Erie, Minnesota is a small town with a population of just over 500 people. The cost of living is quite affordable in comparison to other areas in the US. Two-bedroom rent is $880 per month, which is significantly lower than the national average of $1,430. Grocery costs have an index score of 100 versus the 100 in the US, indicating that it is relatively similar to the national average.
The town offers residents some local companies to work for such as Circle Manufacturing Inc., Bank Northfield, and Starbuck Brick & Tile Co. In addition to these employers, a few other businesses located in Erie are Plaza Tire Service, White Auto Parts Company, Inc., and Bauer Built Inc. With its affordable housing options and low cost of living overall, Erie has been an attractive place for many people looking to live in a quiet place with plenty of outdoor activities nearby.
Erie has an unemployment rate of 5.3%. The US average is 6.0%.
Erie has seen the job market increase by 3.4% over the last year. Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%.
Tax Rates for Erie
- The Sales Tax Rate for Erie is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Erie 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 Erie
- The average income of a Erie resident is $24,163 a year. The US average is $28,555 a year.
- The Median household income of a Erie resident is $65,000 a year. The US average is $69,021 a year.