Highwater, MN is a small, rural town in the United States. It has a population of around 2,000 people and a median home value of $140,000. Rent for a two-bedroom apartment is much lower than the national average at just $840. The Grocery Cost Index in Highwater is also much lower than the US, at 94 compared to 100. Local businesses include Highwater Hardware and Supply, White Eagle Auto Repair and Quilt Nook Fabric Shop. Residents appreciate the small town charm of this friendly local community.
Highwater has an unemployment rate of 4.1%. The US average is 6.0%.
Highwater has seen the job market increase by 4.8% over the last year. Future job growth over the next ten years is predicted to be 12.8%, which is lower than the US average of 33.5%.
Tax Rates for Highwater
- The Sales Tax Rate for Highwater is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Highwater 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 Highwater
- The average income of a Highwater resident is $35,780 a year. The US average is $37,638 a year.
- The Median household income of a Highwater resident is $83,750 a year. The US average is $69,021 a year.