Kettle River, MN is an ideal place to live if you’re looking for a more affordable cost of living. According to the data provided, rental costs for two-bedroom apartments are nearly 20 percent lower than the national average at $1,100. Additionally, the Grocery Cost Index in Kettle River is 96 versus 100 in the US. This indicates that groceries are also much more affordable in this area.
Kettle River is home to plenty of local businesses including Elk Country Store & Market, Kettle River Brewing Company, and Kettle River Clinic & Pharmacy. These local establishments offer essential services for residents and visitors alike.
All in all, Kettle River provides a great balance between affordability and convenience with its low cost of living and wide range of businesses.
Kettle River has an unemployment rate of 5.3%. The US average is 6.0%.
Kettle River 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 30.6%, which is lower than the US average of 33.5%.
Tax Rates for Kettle River
- The Sales Tax Rate for Kettle River is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Kettle River 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 Kettle River
- The average income of a Kettle River resident is $19,449 a year. The US average is $28,555 a year.
- The Median household income of a Kettle River resident is $58,750 a year. The US average is $69,021 a year.