Polk Centre, MN is a small city located in Minnesota that has a lot to offer. It has many local businesses and companies such as Walmart, Hy-Vee Grocery Store, Nick's Pizzeria, and Polk Centre Veterinary Clinic. The cost of living in Polk Centre is much more affordable than the national average; 2 Bedroom rent averages out to $840 while the US average is $1,430. Even groceries are cheaper in this city with the cost index sitting at 96 compared to 100 nationally. These factors make Polk Centre an attractive place to live for those who want a lower cost of living without sacrificing quality amenities and services.
Polk Centre has an unemployment rate of 5.7%. The US average is 6.0%.
Polk Centre has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 19.9%, which is lower than the US average of 33.5%.
Tax Rates for Polk Centre
- The Sales Tax Rate for Polk Centre is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Polk Centre 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 Polk Centre
- The average income of a Polk Centre resident is $36,971 a year. The US average is $37,638 a year.
- The Median household income of a Polk Centre resident is $112,917 a year. The US average is $69,021 a year.