Forest Prairie, MN is a great place to live with its relatively low cost of living. 2 Bedroom Rent in Forest Prairie, MN is $820 compared to the US average 2 bedroom rent of $1,430. The grocery cost index in Forest Prairie is 97 versus the US average of 100. This indicates that groceries are slightly cheaper than the national average. The town also offers a variety of amenities like local businesses such as Johnson's Auto Repair, Bently's Hair Salon, and Taylor's Music Store. All these factors contribute to why Forest Prairie is an attractive location for those looking for a good balance between affordability and quality of life.
Forest Prairie has an unemployment rate of 5.2%. The US average is 6.0%.
Forest Prairie has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Forest Prairie
- The Sales Tax Rate for Forest Prairie is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Forest Prairie 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 Forest Prairie
- The average income of a Forest Prairie resident is $25,843 a year. The US average is $28,555 a year.
- The Median household income of a Forest Prairie resident is $92,813 a year. The US average is $69,021 a year.