Grove, MN is a small town located in the US state of Minnesota and has a population of just under 2,000 people. This small-town charm offers a great place to live for those seeking a relaxed lifestyle. Despite its size, Groves offers many amenities as it is home to several local companies such as D&N Automotive, RDT Architects and Engineers, JB's Grocery Store and Hamilton's Floor Covering. The cost of living in Grove is quite affordable with the average rent for two bedrooms being $970 compared to the US average of $1430. Additionally, the grocery cost index in Grove is 96 versus 100 in the US which demonstrates that groceries are cheaper here than they are nationally.
Grove has an unemployment rate of 4.7%. The US average is 6.0%.
Grove has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.
Tax Rates for Grove
- The Sales Tax Rate for Grove is 7.6%. The US average is 7.3%.
- The Income Tax Rate for Grove 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 Grove
- The average income of a Grove resident is $28,157 a year. The US average is $28,555 a year.
- The Median household income of a Grove resident is $76,000 a year. The US average is $69,021 a year.