Granada, MN is a small rural town located in Martin County. It has a population of around 500 people and is known for its friendly atmosphere and scenic beauty. The 2 bedroom rent in Granada is much lower than the US average at $780 per month compared to the US average of $1,430. In addition, grocery costs are also lower here with an index rating of 95 compared to 100 in the US.
Granada has a few local businesses such as Hartzler Feed & Seed which has been serving the community for over 50 years, offering animal feed and farm supplies. There's also Heyer Auto Body Shop which provides auto repair services as well as auto paint jobs. Other local companies include Anderson Hardware Store, B-Sew Inn Fabric Shop, and Countryside Cafe & Bakery.
Granada has an unemployment rate of 4.3%. The US average is 6.0%.
Granada has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 25.1%, which is lower than the US average of 33.5%.
Tax Rates for Granada
- The Sales Tax Rate for Granada is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Granada 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 Granada
- The average income of a Granada resident is $18,192 a year. The US average is $28,555 a year.
- The Median household income of a Granada resident is $48,594 a year. The US average is $69,021 a year.