Grand Prairie, MN is a great place to live and work in! Local companies such as Grand Prairie Technology Solutions, Inc., Premier Bank, and Valley Veterinary Hospital are just some of the establishments that make up the diverse economy of this small town. Rent for a two-bedroom apartment is significantly lower than other parts of the country, sitting at $870 compared to the US average of $1,430. Grocery prices in Grand Prairie are also more affordable with an index score of 93 when compared with the US rating of 100. All in all, Grand Prairie is an ideal location for those looking for an affordable living experience.
Grand Prairie has an unemployment rate of 3.7%. The US average is 6.0%.
Grand Prairie has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 22.7%, which is lower than the US average of 33.5%.
Tax Rates for Grand Prairie
- The Sales Tax Rate for Grand Prairie is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Grand 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 Grand Prairie
- The average income of a Grand Prairie resident is $29,760 a year. The US average is $37,638 a year.
- The Median household income of a Grand Prairie resident is $91,750 a year. The US average is $69,021 a year.