Round Prairie, MN is a great place to call home. This small town of just under 500 residents is located in central Minnesota and offers plenty of local amenities such as great restaurants, cozy coffee shops, and unique boutiques for shopping. Residents can enjoy a variety of outdoor activities at parks and lakes, as well as a few entertainment options like bowling alley and movie theater. The cost of living in Round Prairie is quite low with 2 bedroom rental prices at only $840 versus the US average of $1,430. The grocery cost index is also much lower than the US average at 96 versus 100. Overall, Round Prairie, MN is an affordable community with plenty to offer its citizens.
Round Prairie has an unemployment rate of 5.4%. The US average is 6.0%.
Round Prairie has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 35.6%, which is higher than the US average of 33.5%.
Tax Rates for Round Prairie
- The Sales Tax Rate for Round Prairie is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Round Prairie 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 Round Prairie
- The average income of a Round Prairie resident is $21,180 a year. The US average is $28,555 a year.
- The Median household income of a Round Prairie resident is $68,000 a year. The US average is $69,021 a year.