North Branch, MN is a wonderful town to live in with affordable 2 bedroom rent of $1,200 compared to the national average of $1,430. The cost of groceries in North Branch is comparable to the rest of the US at a Grocery Cost Index of 100. Among the attractions here are several popular businesses such as Walmart, Target, and McDonald’s. North Branch also offers a variety of recreation activities for both visitors and residents alike including fishing at Sunrise Lake Park, golfing at Wild Marsh Golf Course, and shopping at the Northtown Mall.
North Branch has an unemployment rate of 5.4%. The US average is 6.0%.
North Branch has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 35.3%, which is higher than the US average of 33.5%.
Tax Rates for North Branch
- The Sales Tax Rate for North Branch is 7.4%. The US average is 7.3%.
- The Income Tax Rate for North Branch 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 North Branch
- The average income of a North Branch resident is $27,034 a year. The US average is $28,555 a year.
- The Median household income of a North Branch resident is $91,250 a year. The US average is $69,021 a year.