Parkers Prairie, Minnesota is a small town located in Otter Tail County with a population of approximately 1,100 people. With its local shops and restaurants, Parkers Prairie provides a warm and welcoming environment. Furthermore, it is known for its affordable cost of living with 2 bedroom rent averaging $890 compared to the US average of $1,430. Additionally, the grocery cost index in Parkers Prairie is 95 versus 100 in the US. As far as businesses go, there are many locally owned stores including The Pines Boutique, The Parkers Pantry Grocery Store, and Smith's Farm Market. Overall, Parkers Prairie has plenty to offer in terms of community spirit and affordability.
Parkers Prairie has an unemployment rate of 5.3%. The US average is 6.0%.
Parkers Prairie has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Parkers Prairie
- The Sales Tax Rate for Parkers Prairie is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Parkers Prairie 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 Parkers Prairie
- The average income of a Parkers Prairie resident is $17,911 a year. The US average is $28,555 a year.
- The Median household income of a Parkers Prairie resident is $58,125 a year. The US average is $69,021 a year.