Preble, MN is a small town in Minnesota, located near Lake Pepin. It is an area known for its low cost of living and local businesses. The median rent for a two-bedroom apartment in Preble is $920 per month, which is significantly lower than the United States median of $1,430 per month. Additionally, the Grocery Cost Index in Preble is 95 versus 100 in the US, indicating that food costs are also cheaper in the area.
Families and young professionals alike come to Preble for its affordable real estate opportunities and local businesses. Some popular companies include Ss Brewtech Inc., Breckenridge Dairy Farm LLC, Premier Ag Supply Inc., Little Plum Creek Cheese LLC., and MW Farms LLC. With great local amenities and low cost of living, it’s no wonder that Preble is such an attractive place to live.
Preble has an unemployment rate of 4.7%. The US average is 6.0%.
Preble has seen the job market decrease by -0.6% 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 Preble
- The Sales Tax Rate for Preble is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Preble 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 Preble
- The average income of a Preble resident is $29,842 a year. The US average is $37,638 a year.
- The Median household income of a Preble resident is $59,688 a year. The US average is $69,021 a year.