Oak Grove, MN is a quaint suburb of Minneapolis with easy access to the area's sizable amenities. The city is nestled among various parks and trails with plenty of opportunities for outdoor recreation. Oak Grove offers more affordable rent than other areas of Minnesota, with 2 bedroom rental options costing an average of $1,640. Grocery costs are also slightly higher in Oak Grove than in the US as a whole; the local cost index is 102 versus 100 nationally. \nResidents of Oak Grove can find employment at local companies such as Target and Wells Fargo. Additionally, there are plenty of recreational activities to enjoy in the area like hiking or biking on nearby trails, visiting Elm Creek Park Reserve or exploring the unique shopping experiences downtown. In short, Oak Grove is an ideal home for those looking for a peaceful yet vibrant city that offers proximity to great amenities and lively attractions.
Oak Grove has an unemployment rate of 4.4%. The US average is 6.0%.
Oak Grove 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 35.9%, which is higher than the US average of 33.5%.
Tax Rates for Oak Grove
- The Sales Tax Rate for Oak Grove is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Oak 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 Oak Grove
- The average income of a Oak Grove resident is $32,359 a year. The US average is $28,555 a year.
- The Median household income of a Oak Grove resident is $112,073 a year. The US average is $69,021 a year.