Pequaywan, MN is a small town located in the heart of Minnesota with a population of around 5,000 people. The cost of living in Pequaywan is significantly cheaper than other parts of the country, with the average rent for a two bedroom apartment costing only $1,440 - slightly lower than the national US average of $1,430. Similarly, grocery costs in Pequaywan are only 99 compared to 100 across the US - making Pequaywan an affordable place to live. In terms of employment though, there are few local companies based in the area. Major employers include Robertsons Redwing Shoes and Focus on Energy Solutions Group. Overall, Pequaywan's low cost of living makes it an attractive destination for those looking to save money while still having access to amenities such as restaurants and shopping centers.
Pequaywan has an unemployment rate of 4.8%. The US average is 6.0%.
Pequaywan 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 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Pequaywan
- The Sales Tax Rate for Pequaywan is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Pequaywan 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 Pequaywan
- The average income of a Pequaywan resident is $42,164 a year. The US average is $28,555 a year.
- The Median household income of a Pequaywan resident is $64,375 a year. The US average is $69,021 a year.