Fern, MN is a small but vibrant town located near the border of Minnesota and Wisconsin. The cost of living in Fern is quite low compared to the US average, with an average 2 bedroom rent being around $1,040 and a grocery cost index of 96 versus 100 in the US. This makes Fern particularly attractive for those looking for a cheaper alternative to big cities. The town is also home to many local businesses such as the Fern Lighting Company, Goodrich Bakery, and Nunn Construction which offer career opportunities for locals. The community is very welcoming and close knit making it a great place to raise children or simply call home.
Fern has an unemployment rate of 6.1%. The US average is 6.0%.
Fern has seen the job market increase by 6.6% over the last year. Future job growth over the next ten years is predicted to be 45.6%, which is higher than the US average of 33.5%.
Tax Rates for Fern
- The Sales Tax Rate for Fern is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Fern 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 Fern
- The average income of a Fern resident is $26,080 a year. The US average is $28,555 a year.
- The Median household income of a Fern resident is $49,300 a year. The US average is $69,021 a year.