Peterson, MN is a great place to live for those looking for affordability. Rent for a two bedroom apartment is considerably cheaper than the national average at $860 compared to $1,430. Similarly, grocery costs in Peterson are lower than the US average with a Grocery Cost Index of 98 compared to 100. It contains several large local companies such as Peterson Motors and Peterson Bakery. Additionally, there are numerous small communities within the area that offer plenty of amenities and social activities for all ages.
Peterson has an unemployment rate of 4.7%. The US average is 6.0%.
Peterson has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 29.3%, which is lower than the US average of 33.5%.
Tax Rates for Peterson
- The Sales Tax Rate for Peterson is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Peterson 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 Peterson
- The average income of a Peterson resident is $25,911 a year. The US average is $28,555 a year.
- The Median household income of a Peterson resident is $58,750 a year. The US average is $69,021 a year.