Pipestone, MN is a great place to live! Home to many local companies such as the Pipestone National Monument, T&T Industries, and Star Lines Inc., there is no shortage of opportunity in this small town. Living in Pipestone offers many advantages, including lower housing costs than the national average. Rent for a two bedroom apartment can be found for about $830 per month compared to the US average of $1,430. Grocery cost index in Pipestone is also lower than the US average at 94 versus 100. With its small-town charm and affordability it’s no wonder so many people choose to call Pipestone home.
Pipestone has an unemployment rate of 5.1%. The US average is 6.0%.
Pipestone has seen the job market decrease by -5.5% over the last year. Future job growth over the next ten years is predicted to be 28.7%, which is lower than the US average of 33.5%.
Tax Rates for Pipestone
- The Sales Tax Rate for Pipestone is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Pipestone 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 Pipestone
- The average income of a Pipestone resident is $31,363 a year. The US average is $37,638 a year.
- The Median household income of a Pipestone resident is $48,403 a year. The US average is $69,021 a year.