Garden, MN is a small town located in Minnesota with a population under 10,000. The cost of living there is very affordable compared to the US in general. For example, rent for a 2-bedroom apartment costs only $810 per month compared to the US average of $1,430. Additionally, the Grocery Cost Index in Garden is 95 versus 100 in the US. In terms of businesses operating in Garden, some popular local companies include Garden Valley Market, Brandt’s Service Center & Tire Pros and Northwest Drug & Gift Shop Inc. Overall, it is clear that Garden offers an excellent economic value for its residents with low living expenses and plenty of local businesses to support their needs.
Garden has an unemployment rate of 4.9%. The US average is 6.0%.
Garden has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Garden
- The Sales Tax Rate for Garden is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Garden 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 Garden
- The average income of a Garden resident is $30,561 a year. The US average is $28,555 a year.
- The Median household income of a Garden resident is $75,000 a year. The US average is $69,021 a year.