Grand Meadow is a small town in Minnesota with a population of about 767 people. Despite its size, Grand Meadow has much to offer. Not only does it boast an affordable 2 bedroom rent at $960 compared to the US average of $1,430, but it also has a very competitive grocery cost index of 95 compared to the US rate of 100. There are many local businesses, including Carquest Auto Parts and Grand Meadow Grocery & Hardware. In addition to these businesses, there are several parks and recreational attractions in the area such as Ramer Lake Park and McCormick Park. Grand Meadow is an excellent place to live with many advantages and amenities that make it stand out from other towns in Minnesota.
Grand Meadow has an unemployment rate of 4.2%. The US average is 6.0%.
Grand Meadow has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 29.7%, which is lower than the US average of 33.5%.
Tax Rates for Grand Meadow
- The Sales Tax Rate for Grand Meadow is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Grand Meadow 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 Grand Meadow
- The average income of a Grand Meadow resident is $24,173 a year. The US average is $28,555 a year.
- The Median household income of a Grand Meadow resident is $60,069 a year. The US average is $69,021 a year.