Granby, MN is a small town located in the state of Minnesota with a moderate population and a great quality of life. The average two bedroom rent in Granby is $900, giving it an affordable cost of living when compared to the national average two bedroom rent at $1,430. Moreover, the grocery cost index in Granby is 99 versus 100 in the US, making it even more attractive for those looking to save money on everyday expenses.
The economy of Granby is based mainly on small businesses such as Bank Midwest and HyVee grocery store. There are also a number of other local companies providing services such as vehicle repair shops, home improvement stores, restaurants and coffee shops. All these factors make Granby an ideal place to live with its reasonable costs and diverse business options.
Granby has an unemployment rate of 3.6%. The US average is 6.0%.
Granby has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 36.6%, which is higher than the US average of 33.5%.
Tax Rates for Granby
- The Sales Tax Rate for Granby is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Granby 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 Granby
- The average income of a Granby resident is $36,873 a year. The US average is $28,555 a year.
- The Median household income of a Granby resident is $84,375 a year. The US average is $69,021 a year.