Nerstrand, MN is a small, rural town located in Rice County. It boasts a relaxed atmosphere with many outdoor activities and local attractions for people of all ages to enjoy. The cost of living in Nerstrand is relatively inexpensive, with a 2 bedroom rent costing only $850 compared to the US average of $1,430. Additionally, grocery costs have been estimated to be just 1% more than the national average. Major employers include local farms and businesses such as Great Plains Tiling Systems Inc., along with the popular Nerstrand Big Woods State Park and Minnesota’s Largest Candy Store. With its wealth of recreational activities, affordable housing prices, and family-friendly atmosphere, Nerstrand makes an ideal destination for visitors or those seeking a quieter lifestyle.
Nerstrand has an unemployment rate of 4.2%. The US average is 6.0%.
Nerstrand has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 37.9%, which is higher than the US average of 33.5%.
Tax Rates for Nerstrand
- The Sales Tax Rate for Nerstrand is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Nerstrand 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 Nerstrand
- The average income of a Nerstrand resident is $30,904 a year. The US average is $37,638 a year.
- The Median household income of a Nerstrand resident is $67,083 a year. The US average is $69,021 a year.